The return in the last two sessions of optimism on the markets, in the wake of the first results on the Omicron variant that show fairly mild symptoms, has also given back sprint to the bitcoin protagonist in negative last Saturday with a thud of almost 21% in the space of a ‘ now and prices have dropped to $ 42,000. Today bitcoin, together with other cryptocurrencies marks significant increases (+ 6% in the last 24 hours, CoinDesk data) and returns close to the $ 52,000 area (maximum at 51,960), with a jump in the order of 25% from the minimum of Saturday.
Saturday’s Flash Crash came following increased market volatility which led to a marked risk-off. Furthermore, rising inflation is forcing central banks to tighten monetary policy, particularly the Fed appears poised to announce an acceleration of tapering as early as next week’s meeting, thereby threatening to reduce the liquidity wind. had pushed towards assets such as cryptocurrencies. “It is important to remember that this type of pullback is an integral part of a market that is increasingly hungry for excessive risk,” remarks Mati Greenspan, founder and CEO of Quantum Economics.