* Preferred Partner - click to find out more *Red Flag Reputation // GetRedFlag.com

Coin Bureau Host Warns of Turbulent Winter Ahead for Crypto Markets, Says High Rates Could Pummel Bitcoin

Date:

Share post:

The host of the Coin Bureau YouTube channel is warning that interest rate hikes will negatively impact crypto assets.

The Coin Bureau host tells his 80,300 YouTube subscribers that Bitcoin (BTC) could drop by over 35% from the current level as interest rates rise.

“Now the higher interest rates climb, the less attractive risky assets like stocks and especially crypto will be to investors.

The likelihood of further sell-offs is why many are now predicting that BTC could fall as low as $12,000 in the coming months which, sure as heck, makes our current struggles around $18,000 look almost joyful by comparison.”

Bitcoin is trading at $19,280 at time of writing.

According to the Coin Bureau host, the anticipated 0.75% rate hike by the Federal Reserve could already be priced in thereby lowering the chances of Bitcoin dropping by over 35%.

The Coin Bureau host, however, says that the rates could be raised by a higher figure based on a tool used to forecast the Federal Reserve’s interest rate decisions – the FedWatch tool.

“Now there is a good chance that the market…

Read more…

Related articles

Immunify.Life Launches Groundbreaking Blockchain-Based HIV/AIDS Treatment Outcomes Study in Kenya

Background HIV – one of the world's deadliest infectious disease killers – needs no introduction. It has killed...

Fintech Galaxy Expands Team, Hires COO, CFO

Fintech Galaxy is growing its executive, management and other talent teams as it moves...

Mastercard & Crypto App ‘hi’ Launches NFT Customizable Cards

The crypto exchange and mobile banking platform hi has partnered with global payment services provider Mastercard to launch...

What the latest IRS crypto tax records summons means for investors

The IRS continues to chase U.S. taxpayers who failed to report and pay taxes on cryptocurrency transactions with...