Nickel News Roundup22nd September, 2022
Market Overview:
Digital assets experienced significant pullbacks as many global markets exhibited risk-off behaviour in the face of interest rate hikes.
Bitcoin and other digital assets again moved in the same direction as traditional markets, with the 60-day Bitcoin/S&P500 correlation co-efficient near record levelsSweden was the first economy to confirm major interest rate hikes, with their highest raise (100 bps) in 30 years, followed by a third