Why is crypto going up after the news of being in a recession?
1 min read
The markets are definitely behaving in mysterious ways lately. It seems like we turn from bullish to bearish and vice versa on the daily. I find it a bit odd that the market is pumping on the news of a recession.
Is Bitcoin and crypto proving it really is a hedge against the devaluing of the dollar, or is the fact it was only a 75bp hike until September that maybe caused the case for optimism?
Do you guys believe in this pump or is it just temporary until another leg down? I personally am not sure so I’m just slowly DCAing into my favourite projects.
Let me know your thoughts in the comments below. Have a great day everyone!
submitted by /u/SkepticalCryptoDude
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