Bitcoin and altcoins act like the driven by the macro environment. How much will interest rates be raised? What does a strong US dollar mean for Bitcoin and what impact could the new ECB instrument (Transmission Protection Instrument, TPI) have on the markets?
Bitcoin: will its correlation change soon?
While the correlation of altcoins, in the sense of decentralized start-ups, with tech stocks seems logical, this is more difficult to understand with digital gold. Although the high volatility of Bitcoin prevents an image change from a risk asset to a safe haven, it would have to correlate very differently from its value proposition to other assets.
Which factors are currently affecting cryptocurrencies and how their correlation could change in the future is therefore one of the main questions in the podcast.
Ethereum Classic (ETC) and Axie Infinity (AXS) on the rise
Despite strong performance in the last few days, there are doubts about the future viability of Ethereum Classic. So much can be revealed: ETC fans should bring a thick skin.
Axie Infinity can also shine with a strong price performance and is working its way back up from the valley. You can find out the reasons for starting Axie again in today’s BTC-ECHO Invest Podcast.