I feel like we still have a fair bit further down before 'max pain' is inflicted. Also because equities haven't sold off enough either. What's your opinion on this?
It will be interesting to see how the degree to which crypto market is effected by the falling economy vs inflation and interest rate hikes. Some analysts are predicting that the Fed will be forced to backtrack by Nov. and reduce rates or start printing money, as the economic fall will be too great for the Fed not to act. I think till then we are going to be in this sideways market phase.
Do you think the crypto market will see another correction if the Fed increases rates by 100 bps during the next FOMC meeting, as many predict, or has the market already priced it in and are now looking at other Macro factors?
I feel like we still have a fair bit further down before 'max pain' is inflicted. Also because equities haven't sold off enough either. What's your opinion on this?
It will be interesting to see how the degree to which crypto market is effected by the falling economy vs inflation and interest rate hikes. Some analysts are predicting that the Fed will be forced to backtrack by Nov. and reduce rates or start printing money, as the economic fall will be too great for the Fed not to act. I think till then we are going to be in this sideways market phase.
Do you think the crypto market will see another correction if the Fed increases rates by 100 bps during the next FOMC meeting, as many predict, or has the market already priced it in and are now looking at other Macro factors?
Everyones so bearish here
Seems like we need to watch miners next?
Yes, I think that is the other major one outside of Mt Gox unlock for BTC