HomeAltcoinsCiti Says Fallout From Terra Collapse Unlikely to Hit Wider Financial System

Citi Says Fallout From Terra Collapse Unlikely to Hit Wider Financial System

-



Citi Says Fallout From Terra Collapse Unlikely to Hit Wider Financial System

The analysts said they saw no apparent “lead effect” from bitcoin to S&P 500 index futures. The recent weakness in bitcoin and equities appears “contemporaneous,” according to the report. Still, given the existing poor sentiment in equities, the fall in crypto markets doesn’t help, it said.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

LATEST POSTS

Cryptocurrencies XRP, MKR Shine as BTC, ETH Hold Steady Ahead of US Inflation Figure

XRP climbed above its 200-day moving average while MKR hit a three-week high. A higher-than-estimated figure for core PCE, the Fed's preferred measure of...

Bitcoin sees first difficulty drop in 2 months as miners sell 8K BTC

Recent weeks have caused fresh headaches for miners, who at one point were reducing their balances by more than 8,500 BTC per month....

Bitcoin profitability for long-term holders decline to 4-year low: Data

The decline in profitability for long-term holders reached a level last seen during the peak of the bear market in 2018. However, the...

Sam Bankman-Fried reportedly intended to join the Twitter deal in March

The FTX owner’s advisor unsuccessfully inquired Elon Musk about joining the acquisition deal. Not only Elon Musk thought of buying Twitter...

Most Popular

spot_img