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

Coin Bureau YouTube channel host warns that interest rate hikes will hurt crypto assets

coin bureau host To tell His 80,300 YouTube subscribers are Bitcoin (Bitcoin) could decline more than 35% from current levels as interest rates rise.

“The higher interest rates go, the less attractive risk assets such as stocks and especially cryptocurrencies become for investors.

The reason many are predicting that BTC could fall to $12,000 in the coming months is because it could drop further.

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

The expected 0.75% rate hike by the Federal Reserve may already be priced in, making Bitcoin less likely to fall more than 35%, according to the Coin Bureau host.

However, the Coin Bureau host said interest rates could rise by a higher number based on the tools used to predict the Federal Reserve’s interest rate decisions. fedwatch tools.

“Right now, there is a good chance the market is already pricing in this 75 basis point rate hike, which means it is unlikely to drop to $12,000 in the next few weeks at least.

However, consider the fact that there is currently a 20% chance of seeing a 1% rate hike, according to the FedWatch tool. This would be his biggest single rate hike in 40 years.”

In addition to rising interest rates, the Coin Bureau host says Bitcoin faces other threats such as a negative technical outlook and an increase in short positions.

“According to CFTC data, many institutional short positions have been opened in BTC. [Commodity Futures Trading Commission].

For those who prefer to trust technical analysis, it is unfortunately not very comfortable.

In short, whether you have stocks, cryptocurrencies, or pretty much anything else, this winter is going to suck. “


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