TLDR
Global markets are still facing headwinds with the latest Fed minutes revealing the decision to pause the 10-month consecutive rate hike was vigorously debated.
However, the stock market has managed to perform well despite the uncertainty. The S&P 500 and Nasdaq have both recorded extremely positive gains year-to-date.
Meanwhile, a longer term view on the BTC valuation charts shows a pattern that seems to be aligning with long term bottoms for historical price cycles.
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Written by ulriklykke | Author of the Bitcoin Global Macro, a newsletter focusing on digital assets, macro insights & investment ideas.
