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Market Cap:
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Bitcoin Bitcoin Share: 57.63%
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Bitcoinist
2023-03-04 13:40:10

This Analyst Reveals The Catalyst Of Crypto Prices Downturn

This Analyst Reveals The Catalyst Of Crypto Prices Downturn

Mike McGlone, the senior macro strategist at Bloomberg Intelligence, outlined the primary catalyst for the downturn of Bitcoin and Crypto prices. In his recent digital asset analysis, McGlone cited the US Federal Reserve’s hawkish inflation-curbing strategy as the primary factor that could exert downward pressure on risk assets like digital assets. Related Reading: GameFi Outpaces

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