Tony Edward, founder of Thinking Crypto, suggested crypto markets may be leaning toward a bullish outlook
Macro factors, including the end of quantitative tightening and potential Fed interest rate cuts, might drive liquidity into stocks and cryptocurrencies, according to Edward
Edward shared that the dollar currency index is crashing, which would lead to an increase in asset prices
Crypto markets may be leaning toward a bullish outlook from a macro perspective, according to Tony Edward, founder of the Thinking Crypto YouTube channel and podcast. Speaking in a recent video, Edward highlighted several macroeconomic factors that could fuel a recovery in crypto prices.
We are seeing an alignment of different items that are leading us back to the bull market from a macro perspective, and that will mean more liquidity coming into the markets for stocks, cryptocurrencies, and so forth.
Furthermore, Edward pointed to recent news that prominent bearish investor Michael Burry closed his large short positions against the stock market at a loss, which is a bullish indicator. Edward also highlighted recent Consumer Price Index (CPI) data showing inflation …
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