Digital assets now account for most of BC Technology Group’s revenues, meaning that it's not as weighed down by its exposure to macro issues in China’s equities market as it was before; BTC, ETH trade sideways. thesamreynolds and JPRubin23 report
After a week of gains, some rain fell on crypto prices, even as a few rays of good news beamed in from Ukraine.
Jeff Dorman, the COO of asset manager Arca, told CoinDesk TV's"First Mover" that investors may have felt encouraged by an increased sense of certainty in economic and wider events."Markets hate uncertainty," said Dorman, who noted a possible de-escalation in Ukraine and clearer direction by the U.S. Federal Reserve in taming inflation through interest rate hikes this year. Dorman also mentioned the poor performance of the bond market.
Whether BC Technology Group trades higher in the weeks and months ahead remains uncertain despite its apparent resiliency to increasing Chinese oversight of the administrative district. To be sure, BC technology still isn’t profitable. But the company attributed a net loss on the need to use the capital for global expansion.
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