It is now predicted the Federal Reserve will have a 75 basis point increase for Sept. This is fight inflation as UK is reports a 20+ % increase. Bitcoin and crypto clearly don’t like interest rate increases as it deflates momentum. Here is what some JP Morgran executive said:
David Kelly, chief global strategist at JPMorgan Asset Management, claims that investors should dump cryptocurrencies, Bloomberg reports. Kelly is convinced that the persistent hawkishness of the U.S. Federal Reserve will spell more trouble for digital assets.
He is also bearish on large-cap tech stocks. Bitcoin has been trading in tandem with the tech-heavy
Get some free trading secret PDFs here https://quantlabs.net/books/