New Academic Study Reveals Crypto Market Is Immune To General Monetary Policy
Apparently, international monetary policies have no effect on the returns of crypto, according to the latest peer-reviewed research paper ‘International Monetary Policy and Cryptocurrency Markets‘ from Durham University Business School. The study also revealed that the interconnectivity between cryptocurrency returns and monetary policy spillovers were especially high when shadow policy rates were negative. This interconnectedness was shown to have reduced throughout the ‘tapering process’ that the Fed went through, and it has sharpened again more recently when crypto buoyancy returned....