Bitcoin tumbled to a six-month low below $38,000 on Friday. Bitcoin is down dramatically from its November peak of close to $69,000. Some investors are concerned that the market is going into a ‘crypto winter’ – a period when prices fall sharply and fail to recover for more than a year. But it could be worse than that, with the Fed hiking interest rates, and nagging questions about regulation and the technology. Central banks and governments have played a role in jacking up markets, according to Invesco’s Paul Jackson. The two speculative assets look a lot less attractive when returns on risk-free bonds are higher. Markets are now expecting four interest rate hikes in 2022. The resultant jump in bond yields . . .
[su_button url=’https://markets.businessinsider.com/news/currencies/crypto-bitcoin-winter-federal-reserve-technology-ethereum-outlook-slump-2022-1′ target=’_blank’ style=’ghost’ background=’#010066′ color=’#010066′ size=’2′ wide=’no’ center=’no’ radius=’auto’]Read more at markets.businessinsider.com[/su_button]
By
By
By
By
By
By
