The digital currency Bitcoin last cost $78,000 on Sunday. Investors on both sides of the Atlantic are in the stranglehold of geopolitical and monetary policy uncertainties, wrote expert Timo Emden from Emden Research.
Above all, concerns about a possible worsening of geopolitical tensions between the USA and Iran are weighing on investors’ willingness to take risks. At the same time, persistent inflation risks and uncertainty about the future course of the US Federal Reserve caused additional nervousness. Investors are currently in a phase of great disorientation and are caught between concerns about inflation, interest rate speculation and geopolitical risks.
/he
FRANKFURT (dpa-AFX)