Against the background of the severe collapse of the US stock market, which began its campaign with a speech by Jerome Powell at Jackson Hall, cryptocurrencies look strong. They fell after the rebound, but overall the situation is stable.
The main question is why and for how long?
Why – it seems that the crypto markets plummeted -70% since the beginning of the year, this is a lot, the stock market fell no more than 30%.
They will hold on for a long time: if the situation on the stock market does not change and we see 3500 points on a wide SP500 index, then we will see a powerful drop in the crypto with Bitcoin trading below 14000.
Let’s see – while we keep portfolios in point ideas and mostly in free positions.