It’s Game On for Bitcoin and Crypto - Says #Abra CEO
CEO of crypto #wealth management platform Abra thinks #macroeconomic forces could soon drive bullish price action for crypto.
The Abra CEO predicts the “Great Pause” will happen in October.
“I think this #recession will go on probably until the end of the year… You’ll basically see the ‘Great Pause’ from the Fed - Says Bill Barhydt.
He thinks at that point and going into the first quarter of 2023, it will be “game on” for risk-on assets like #Bitcoin and #crypto.
CEO of crypto #wealth management platform Abra thinks #macroeconomic forces could soon drive bullish price action for crypto.
The Abra CEO predicts the “Great Pause” will happen in October.
“I think this #recession will go on probably until the end of the year… You’ll basically see the ‘Great Pause’ from the Fed - Says Bill Barhydt.
He thinks at that point and going into the first quarter of 2023, it will be “game on” for risk-on assets like #Bitcoin and #crypto.
Top Reasons Why Crypto Market is Crashing Today!
#Cryptocurrency markets are in deep red. The majority of mainstream cryptocurrency tokens have slipped from their positions. The current crypto crash can be attributed to #macroeconomic factors.
Firstly, #Bitcoin Price Fell as the Dollar value jumped to a 20-year high.
Next comes, The #Fed’s monetary policy of keeping interest rates high to combat four-decade high #inflation has led investors to sell #crypto and other assets.
Overall, The sharp decline saw over $100 million in Bitcoin #liquidations with total liquidations of nearly $222 million.
#Cryptocurrency markets are in deep red. The majority of mainstream cryptocurrency tokens have slipped from their positions. The current crypto crash can be attributed to #macroeconomic factors.
Firstly, #Bitcoin Price Fell as the Dollar value jumped to a 20-year high.
Next comes, The #Fed’s monetary policy of keeping interest rates high to combat four-decade high #inflation has led investors to sell #crypto and other assets.
Overall, The sharp decline saw over $100 million in Bitcoin #liquidations with total liquidations of nearly $222 million.