Raoul Pal warns stock market may trigger crypto market crash

04/24 07:39

Former Goldman Sachs executive Raoul Pal says that potential downside in the stock market may threaten crypto prices in the coming months. He’s looking at the Nasdaq and says that from a technical analysis standpoint, the index is on the verge of potentially making lower lows if its critical support is broken. “The failure of equities to hold has exposed risk of severe downside if the low is taken out.” Pal doesn’t necessarily see new lows in store for crypto markets but warns that current macro conditions are hinting that a major correction is coming, which could drag down digital assets with it.

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