Rate Hikes Could Mean More Trouble for Crypto Markets | Crypto

Rate Hikes Could Mean More Trouble for Crypto Markets

– The ongoing volatility in the US markets is putting pressure on crypto-currencies.
– The US Fed’s promise of more rate hikes till 2023 is likely to keep crypto markets volatile too.
– The global market capitalisation of crypto assets has tumbled over 57 per cent to 935 billion dollars, so far this year.
– Bitcoin has tanked nearly 60 per cent so far in 2022. Other assets like Ethereum, BNB, Solana, Dogecoin and Polkadot have declined in the range of 46 per cent to 81 per cent, during the same period.
– Analysts believe that the reduced risk appetite among investors has compelled them to shift to less riskier assets like bonds.
– They expect the volatility in crypto markets to continue in the near-term.
– Technical charts suggest a death cross pattern for bitcoin, which signals a bearish market ahead.

1662705503 0526 Rate Hikes Could Mean More Trouble for Crypto Markets

Leave a Reply

%d bloggers like this: