- Is the price of crypto facing a drop as the Federal Reserve moves to tighten up on monetary policy to fight inflation.
- The boom in crypto prices took place at the same time that the Fed was pumping trillions of dollars into the financial system to avoid a pandemic-caused financial downturn.
- As a consequence, a bubble-like rise in the price of Bitcoin took place as asset prices rose throughout the economy as a result of the Fed's largesse.
- Now, things are moving in the opposite direction and this could result in a substantial decline in the price of Bitcoin.
For further details see:
Crypto And The Fed: Is This The Market To Watch