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Flight To Safety

All articles tagged with #flight to safety

cryptocurrency2 years ago•2 min saved

Bitcoin Soars Past $30,000 as Cryptocurrencies Rally on ETF Hopes and Safe Haven Demand

Bitcoin has reached $30,000 for the second time this week, with confidence in the approval of a spot bitcoin ETF growing and investors seeking safety amid uncertainty. The benchmark cryptocurrency is on track for a 10% weekly gain, its best since June. Ether also saw gains, rising 2.5% on the day and 4.3% for the week. Altcoins, including Ripple's XRP, Litecoin, Solana, and Polygon, also climbed after the SEC dropped claims against two Ripple Labs executives. The market remains optimistic about the potential approval of a bitcoin ETF in the US.

via CNBC|

#bitcoin #cryptocurrency #etf

cryptocurrency2 years ago•1 min saved

Crypto Markets React to Global Turmoil and Innovations

Cathie Wood, CEO of ARK Invest, says that Bitcoin and Ethereum are acting as flight to safety assets amid global order disruption, likening them to gold. She believes that the disruption in the world's order is being led by crypto assets themselves, and that the innovation of blockchain technology cannot be stopped. Both Bitcoin and Ethereum have seen fractional increases during the last 24 hours, trading at $30,300 and $2,087, respectively.

via The Daily Hodl|

#bitcoin #cathie-wood #cryptocurrency

finance2 years ago•3 min saved

Preparing for the Next Recession: The Flight to Safety

Traders are seeking safety in the stock market due to fears of a recession caused by tightening financial conditions. The recent collapse of Silicon Valley Bank has led to a repositioning of risk exposure, causing a substantial tightening impulse in financial conditions. The risks go beyond the problems in the financial system and include double-digit declines in banks' earnings if lending activity shrinks. Investors are instead dashing for industries perceived as more resilient to economic downturns, including food, pharma, and telecoms. Equity market volatility is not yet near the levels seen last week, but the outlook is negative, and investors are advised to go more toward cash and short-term bonds.

via Yahoo Finance|

#banks #finance #flight-to-safety