Cryptos bear market is driven by the fed | Crypto

Cryptos bear market is driven by the fed

– Bitcoin is experiencing a downturn, but this is not dissuading investors from buying more of the cryptocurrency.
– The reason for the downturn is largely due to the Federal Reserve’s rate hikes, which have made bitcoin a riskier investment.
– However, some good has come out of the downturn, as it has demonstrated the flaws in the traditional banking system that bitcoin was designed to replace.
– There is still hope for a rebound, as there is potential for more companies to adopt bitcoin as part of their corporate treasury strategy.

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