First Mover Asia: Bitcoin Soars Past $44K as Ukraine Tensions Lessen – CoinDesk

Yet, Seth Ginns, managing partner and head of liquid investments at crypto investment firm CoinFund, struck an optimistic note for crypto during a discussion on CoinDesk TV’s “First Mover” show. Ginns noted that the Fed had proceeded cautiously after a stronger-than-expected jobs report earlier this month and that crypto markets on Tuesday “shrugged off” the high PPI number. “Things are not slowing as much as expected, which meant there’s no reason to think that the Fed is going to be data dependent at this point,” Ginn said. “If they see things slowing, they’re going to back off of tightening. If they see things [the PPI] continuing to remain strong, they’re going to fight inflation.”