Morgan Stanley Says Crypto Markets Are Weakening as Central Banks Look to Tighten

Morgan Stanley Says Crypto Markets Are Weakening as Central Banks Look to Tighten

  • Post author:
  • Post category:Uncategorized
  • Post comments:0 Comments



Cryptocurrency’s usage as a payment vehicle/exchange of value is what should drive its valuation in the long run. However, the market has been trading most cryptocurrencies like speculative risk assets, as evidenced by the correlation between bitcoin and equity markets in the last six months, the report said.



Source link

Leave a Reply