Here are the United States’ “Wild Cards” Bringing Down Stocks, Bitcoin & More

bitcoin sp500 ndx spx nasdaq btc usd 980x468

A hand full of wild cards held by the United States could be to blame for Bitcoin’s recent downturn. The same reasons for prompting a selloff and profit-taking in stocks are also spilling into cryptocurrencies that have only just recently come out of a bear market, Could these cards eventually act like an ace up the sleeve for investors who buy the fear over the next few months? Or will this be yet another Black Thursday style flush of weak hands? JPMorgan Says US “Wild Cards” Are Keeping Stocks Uncertain; Same Fear Spills Into Bitcoin Fear, uncertainty, and doubt: The three emotions are what drive most selloffs. When the pandemic first hit, panic caused an enormous crash across all markets, Bitcoin and stocks included. Records were broken, along with just about every possible level of support along the way. These markets made a shocking recovery to set new 2020 highs,…

Read the original article here