Typically, investors reduce their exposure to speculative assets, such as stocks and cryptos, when faced with high uncertainty. So far this year, the S&P 500 is down about 12%, compared with a 17% decline in bitcoin (BTC). Meanwhile, gold, a traditional safe haven asset, is up 3% over the same period, albeit down 8% from its recent peak in March.
- Market Wrap: Cryptos Mixed as Global Uncertainty Lingers; Dogecoin Pumps
Written by Bankerage Published on April 26, 2022