Crypto Defies Market Conditions To Battle The Dollar For Best Performing Asset
In particular, the MVIS CryptoCompare Digital Assets 100 Index has recorded a growth of 5.4% since the end of June. At the same time, Bloomberg Dollar Spot Index has hit a record high with a growth of 7.2% at a period where stocks, bonds, commodities, and gold continue to make losses. Although the macroeconomic elements have impacted both cryptocurrencies and equities, the latter appears to have suffered the most. Notably, the markets have been hit with increased monetary tightening by global central banks in a bid to tame the soaring inflation....