@qheer92 30 September 2022

Bitcoin held in range of US $ 19,000 today, amid another sluggish global stock market as investors are still worried about the potential for a global economic recession. In midst of sluggish stock market, market is debating correlation between stock market and crypto market, where movement of crypto this time is not in line with movement of stock market. When stock market is still hit by a sell-off and makes its movement bearish again, crypto market is still fluctuating, even though it is actually still in a bearish trend. Sluggish global stock market again occurred because of market participants' concerns that a recession would not stop US central bank from raising interest rates. This is in line with a Reuters survey, where The Fed will be increasingly aggressive in raising interest rates, and greater 'suffering' will come.