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