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Cryptonian

11/16 16:29

Crypto winter may last until end of 2023

“The drama around FTX upset what was otherwise an emerging positive setup for crypto as the significant deleveraging in May and June 2022 had left few if any large marginal sellers in this space. But the recent market turbulence and absence of large buyers has left the asset class vulnerable, potentially extending an already long crypto winter
  • The U.S. Fed has been raising interest rates since March to tame inflation, raising rates from almost zero to a 15-year high of 3.75%-4%. The Fed is likely to continue to increase rates until it achieves its target of a 2% inflation rate.

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