Key takeaways:
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The Federal Reserve’s move away from quantitative tightening and rate cuts creates liquidity, making fixed-income assets less attractive.
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Surging tech credit risks, as evidenced by high Oracle debt protection costs, prompt investors to seek alternative, scarcer assets like Bitcoin.
Bitcoin (BTC) fell 4% on Friday to a low of $88,140, extending its decline to 19% since November. Meanwhile, the S&P 500 is now less than 1% from its all-time high. This sharp divergence may soon…
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