10x Research: Risk assets such as cryptocurrencies are on the verge of a major price correction
According to Mars Finance news, 10x Research published an article on the X platform stating that risky assets represented by stocks and cryptocurrencies are on the verge of a sharp price adjustment. The main trigger is unexpected and persistent inflation. The (U.S.) bond market is now pricing in fewer than three rate cuts and with the 10-year Treasury yield above 4.50%, the market may have reached a critical tipping point for risk assets.
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