Ashrith Rao's profile photo

Ashrith Rao

Bangalore

Contributor at Blockhead

Featured in: Favicon blockhead.co

Articles

  • 1 week ago | blockhead.co | Ashrith Rao

    Central banks, particularly those looking to fine-tune policy as they approach the conclusion of their rate-cutting phases, are faced with significant uncertainty regarding economic growth and inflation, which complicates their decision-making processes. This is playing in crypto markets as the major theme in the current geopolitical backdrop and weighing on risk sentiment.

  • 1 week ago | blockhead.co | Ashrith Rao

    Cryptocurrencies are not immune to the ripple effects that geopolitical events have on the financial markets. The latest escalation in tensions between Iran and Israel hit Bitcoin and other cryptocurrencies similar to risk assets. Geopolitical risks often tend to bring out a herd mentality among investors and it is no different in crypto markets.

  • 1 week ago | blockhead.co | Ashrith Rao

    The Israeli attack on Iran's nuclear facilities has caused oil prices to skyrocket and provided an opportunity for the dollar, which has been oversold and undervalued, to recover. Cryptos aren't fond of energy price shocks, as the Fed has good reason to be wary because of a spike in inflation as a result. If hostilities between Iran and Israel were to escalate further, oil prices may rise over $80, which would be good news for the dollar.

  • 1 week ago | blockhead.co | Ashrith Rao

    The see-saw market swings were reflected in cryptos, with the Israel-Iran conflict weighing on risk sentiment heavily. Clearly, this week's recovery in cryptos is just a temporary rebound from a sell-off in risk assets. Bitcoin was last trading over $107,500 and has been swinging in the range between $100,000 and $110,000 over the past week or so.

  • 2 weeks ago | blockhead.co | Ashrith Rao

    Stablecoins hold significant potential as the transformative solution the cryptocurrency sector has sought to bring blockchain technology into the mainstream. Digital tokens linked to the dollar are gaining traction; financial institutions and technology firms are rapidly embracing them, and now major tech companies are poised to join the trend. Amidst this euphoria, the total supply of stablecoins just broke the $250 billion mark.

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