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.

The #cryptocurrency market was back in the red on Monday after making a quick recovery over the weekend, bringing to mind the gloomy days of September when concerns about #inflation and the #recession hurt the markets the most.

The market capitalization of all cryptocurrencies was down slightly, #trading at $924.4 billion, having lost around 1.24% during the previous day. However, the overall trade #volume increased by about 24%, or $46.1 billion.

#Bitcoin was holding the $19,000-mark, whereas #Ethereum slipped below the $1,300-mark. #Cryptocurrencies followed stock market, which were lagging behind due to escalating worries.