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Gate blog: How Monetary Policies Affect the Global Cryptocurrency Market

Gate blog: How Monetary Policies Affect the Global Cryptocurrency Market

06/09/2021 06:40 (UTC)
22,570 views

Analysts generally believe that during the pandemic, the pump-priming policy of the Federal Reserve is conducive to our current bull market. A large amount of new money was unable to be invested in the real economy, so it turned to the cryptocurrency market for higher investment returns. It was the driving force behind the rise of cryptocurrency prices. Before April this year, investors and analysts took pump-priming as good news for the crypto-digital currency market. The Biden administration released $6 trillion dollars late May this year, but the cryptocurrency market was not as hot as expected. People sold their coins out instead.





Click to read more: How Monetary Policies Affect the Global Cryptocurrency Market






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Jun 21st, 2021

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