It shows bond yields breaking out of long term resistance levels. Bond yields have surged over 50 basis points this month alone. Surging bond yields are triggers for major capitol outflows from risk assets and emerging markets. Recent instances of this were the taper tantrum at the end of QE3 and the 25 basis points hike by the FED last year both of which sent global markets down well over 15%. The FED is incidentally way behind the curve here and the market has already raised rates for the FED.
Consensys Suit Is Pressing The SEC On Ether’s Security Status
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MetaMask maker goes on offense following the warning of an impending
enforcement action. The SEC says most cryptos are securities but has not
clearly state...
22 minutes ago