Investors are closely monitoring the economic data releases to assess the impact of the Federal Reserve’s interest rate hikes, plus the ongoing FUD surrounding the largest centralised crypto exchange that has since generated much disturbance and fluctuations in the crypto world.
With this in mind for the shorter term, investors are becoming more risk-averse and looking for safer investments, such as bonds, as alternatives amidst uncertainties. Many are also awaiting on the sidelines for possible lower prices to buy in at.