Crypto Bond Shares Fall in Unison Wall Street enters a bear market
Posted: Fri Jul 08, 2022 10:37 am
There are negatives and negatives, from bonds to bitcoins. Wall Street investors called the situation a bear market that has entered a long hibernation. Along with forecasts that the Fed will not be willing to use drugs to control inflation.
On June 14, 2022, the AP news agency reported that the stock market situation on Wallสล็อตใช้วอเลทStreet in the United States plunged into a condition known as a bear market or a bear market, a market condition in which stock indexes and share prices have continued to decline for a long time due to negative factors around. side
After a weekend filled with news of unpredictable deterioration in inflation, the S&P 500 opened a new week on Monday, down 151.23 points. It was at 3,749.63, a 3.9% drop, while the Dow fell more than 1,000 before closing at 876 negative.
To date, the S&P 500 is down more than 21.8%, below the record earlier this year. This led investors to call the situation a bear market, figuring out when the bears hibernate during the winter. It is the opposite of bull market or bull market. that soared up like a bull chasing a gore
Cryptocurrency trading side Coindesk, which used to soar during the coronavirus pandemic, is now the riskiest investment in the world, with Coindesk reporting that bitcoin has dropped more than 14% from the previous day. And it's less than $23,400 compared to last year's peak of $68,990.
Another sell-off for investors is mainly driven by the central bank's attempt to curb inflation. by using interest rate hikes to slow down the economy as the main method which risks causing a recession if used too aggressively.
With the Fed's stance to control inflation more aggressively causing stock market prices to plummet around the world. And the plummeting spans from bonds to bitcoins. From New York to New Zealand