First Mover Asia: Bitcoin Surges Above $27.1K After Wednesday’s Open as Rate Hikes, Inflation Worries Rise

In a Telegram message to CoinDesk, Strahinja Savic, head of data and analytics at crypto-focused, institutional capital markets and advisory platform FRNT Financial, said that stocks and cryptos had fallen over the past few months rather than falling together. “Today crypto sinks with risk assets, tomorrow it may not,” Savick wrote. “What we can say is that the technical range is clearly set between the downside range of $25K to $26K, and a breakout would be decisively above $31K. Most other activity is likely noise.