Talk of a lengthy crypto winter has many investors fretting, so the bullishness among professionals with much at stake stands out. As with conventional markets such as stocks, though, crypto’s path does probably hinge on whatever the Federal Reserve does with U.S. interest rates. And, indeed, Cumberland’s clients took that view. “It’s very striking that the most common response for both positive and negative catalysts is movement by the Fed,” according to the report.
Related posts
-
Scammers Trick Crypto Users With Faked USDT Balances, Slowmist Reports
Slowmist, teaming up with Imtoken, has exposed a new... -
Expert Says Bitcoin Price Has Topped And Is In Exponential Decay, Why This Is Not A Bad Thing
Crypto expert Peter Brandt has boldly claimed that the Bitcoin top for this market cycle may... -
Amid Shifts in Bitcoin Mining Economics, Steep Discounts Emerge for Older ASIC Rigs
According to current metrics, older bitcoin mining rigs are not generating the same revenue as they...