[시황] Bitcoin doomsday.. Continued supply shortage compared to institutional inflow

[출처: 셔터스톡]

The U.S. stock market fell again due to weakened risk preferences amid rising interest rates. But at the beginning of the market, it sparkled when Yellen’s demand for massive stimulus measures and discussions about $3 trillion worth of infrastructure investment occurred. However, the price burden of large technology stocks worked, and the index ended in consolidation. Powell dismissed concerns, saying that while the real economy is still slow to recover, inflation can be controlled by the Fed. The semiannual report is awaiting the Congress on the 23rd and 24th, and Powell’s remarks are drawing attention once again. Meanwhile, the US stock market has entered the second half of its earnings release. Distribution and consumption large-cap stocks, such as Home Depot and Macy’s, remain.

As the US cold wave eased, demand for drilling in Texas declined. In addition, the prospect of resuming negotiations on a nuclear agreement with Iran continued, and oil prices ended lower. Gold rose from the previous day.

The corona trend is calming around the world, but bond yields rose daily due to concerns over inflation caused by stimulus measures. However, it is unlikely that inflation will occur in a short period of time. Oil prices also temporarily surged due to the collapse of the Texas infrastructure. This seems to be due to the imbalance in supply and demand for semiconductors. Meanwhile, stimulus measures will be presented to the House Budget Committee in the last week of February. This meeting will be held later in the week. If so, the Senate bill would pass in early March. Unemployment benefit support was cut off on March 14th, and negotiations must be made before that.

In the cryptocurrency market, the price of bitcoin rose 98% from the beginning of the year, hitting $58,300. Currently, there is a shortage of supply compared to institutional funds due to supply and demand. However, the risk of rising interest rates remains. As a result of this breakthrough, Bitcoin surpassed the market cap of $1 trillion for the first time. Binance tokens have risen close to 100% in one week and are rapidly rising to third place. Canadian ETF news is also hot. The market cap reached $421.8 million in two days after the ETF was listed. Meanwhile, Ripple’s first trial will be held today. Of the altcoins, all tokens that have executed ICOs can be applied to securities regulations, and the consequences are noteworthy.

※ This article was written based on data from Fair Square Lab, a digital asset research organization. This is an investment reference only, and Joindie is not responsible for making investment decisions.