Here we go again with two of the market themes that just keep cropping up over and over this year: the chaotic dalliance with disaster in crypto and the hunt for a more lenient stance from the US Federal Reserve.
Both are dramatic in their own ways, but the latter of the two is much more important to the health of mainstream investors’ portfolios.
The told-you-so schadenfreude that crops up when crypto hits the skids is always tempered by the grim knowledge that some naive amateur investors are losing their life savings. Bitcoin, the biggest token of the bunch, has dropped by around 18 per cent over the course of this week.
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