of rival Prime Trust – a rare sour note in an otherwise upbeat week – but quickly regained its perch.
“Wall Street is becoming a little pessimistic regarding the global growth outlook as global central bank tightening enters a new phase, which all of sudden has made crypto look a little bit more attractive,” Moya wrote, although he suggested cautiously that cryptos’ current upswing could wane. Crypto markets also seemed largely unimpressed by hawkish comments by Federal Reserve Chair Jerome Powell who reiterated the bank’s intent to raise interest rates later this year. The Fed halted a more than year-long streak of rate hikes earlier this month. The latest weekly jobless claims report, meanwhile, had little affect on assets, coming in just a few thousand claims higher than expectations.
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