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Bitcoin's Way Forward; Upbeat Earnings, But Markets Cautious

As earnings season falls upon us, markets respond positively but cautiously whilst Bitcoin struggles to maintain post-$30k momentum

April 23, 2023

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The capacity of investors to withstand a market surge that most on Wall Street think is doomed is dwindling.

In April so far, investors poured over US$12.6 billion into equities ETFs, the highest monthly inflow since January and double the rate in February and March.

Federal Reserve officials plan to hike interest rates by a quarter of a percentage point next month and signal a potential halt from the biggest hiking campaign in decades on concern that repercussions from recent bank failures could slow the economy.

Bank deposits in the United States fell by US$76.2 billion last week, more evidence that the economy is still vulnerable following a series of bank collapses.