Selective Bitcoin buying amid interest-rate and oil-price swings, focus on inflation data
Xangle said 7month 11day, in a report, that the Fed’s interest-rate path and oil-price volatility stemming from geopolitical risks in the Middle East had curbed risk appetite in the virtual asset market. It analyzed that investors selectively bought only assets with high safety and liquidity, centered on Bitcoin.
Xangle said 7month 11day, in its weekly research, that the Fed’s interest-rate path and oil-price volatility tied to geopolitical risks in the Middle East were the key variables in the recent virtual asset market. It reported that demand for risk assets weakened in an environment where expectations for Fed rate cuts were limited.
The report said investors did not aggressively buy Bitcoin, Ethereum, and altcoins across the board, but instead selectively bought mainly relatively safe or highly liquid assets. In other words, it explained that money flowed into only some assets rather than into all sectors at once.
Xangle cited inflation data and Fed-related indicators due next week as major variables for gauging virtual asset trends. It added that the impact of inflation data on the interest-rate path would be an important basis for judging demand for risk assets such as Bitcoin.
The report said that if oil price volatility continues, market volatility could widen. It noted that an immediate surge or drop in oil prices could affect investor sentiment in the short term.
The report is based on Xangle's weekly research. This sentence summarizes reported and publicly released analysis.
Sources: 연합인포맥스
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