A surge in crude oil prices can contribute to inflationary pressures, prompting some investors to explore alternative assets like Bitcoin to preserve value. Conversely, the Federal Reserve’s decisions to raise interest rates can influence risk preferences and potentially induce certain investors to shift away from riskier assets, including cryptocurrencies.
Kaynes shares plunge 43% from October peak. Is a tactical rebound on the cards or more pain ahead?
Kaynes has plunged 43.5% from its October peak, with Friday’s 12.5% drop marking the steepest single-day decline. Momentum indicators remain bearish, signaling a risk of