Virtual Explosion

Yeah, I know that many people just want to read about crypto, but if we don't put it into the broader context of the global economy we could miss something.

Even though the crypto market is not heavily correlated with traditional markets on a day to day basis, crypto doesn't exist in a bubble and whatever happens in the rest of the financial markets does impact crypto as well.

I had the chance to speak about this dynamic with Nakamoto Jedi recently, and you can catch the recording here.

What I did want to point to today is that the shift in expectations from the world's central banks seems to be leading rapidly towards loose monetary policy.

On Friday the President of the Federal Reserve Bank in San Fransisco indicated that the Fed is now considering using Quantitative Easing as a regular tool to 'guide' the markets.

Of course, President Mary Daly is only one member of the Fed and certainly not the most influential, but the fact that they're discussing this at all is enough to turn heads.

Traditional Markets

Today we welcome back China to the financial markets, and it seems the holiday has put Chinese investors in a buying mood. The China 50 index is leading the stocks higher today.

Estimates from the Ministry of Commerce say that China spent 8.5% more over the Lunar New Year than the same period last year. However, this is the lowest year-on- year increase since 2011.

All things considered, there doesn't seem to have been any major advances in our three main geopolitical risks over the weekend. Brexit, the US-China trade war, and the US government budget stalemate are all still very much on the minds of investors right now.

When Bitcoin ETF

With the withdrawal and renewal of VanECK's proposal, it seems that some of the key players are now far more optimistic that a bitcoin ETF could be approved sometime soon.

The decision to approve or disapprove falls on the SEC, so let's take a look at who is making the decisions...

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Please note: All data, figures & graphs are valid as of February 11th. All trading carries risk. Only risk capital you can afford to lose.

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