Federal Reserve Report Douses Cold Water, Crypto Market Danger Signals Are Up!
Key takeaway: Last night's Federal Reserve meeting minutes sounded the alarm for cryptocurrency traders. The report states that for the next few years, it is highly likely that: interest rates will remain high, corporate cost pressures will not ease, and the economy may continue to 'catch a cold' for years. These three factors combined are not good news for high-risk assets like Bitcoin, making it increasingly difficult to earn money. First, let’s talk about what’s going on: The Federal Reserve issued a report early yesterday morning (called the meeting minutes), stating a lot of things, but in summary, it boils down to three points, each of which feels like cold water thrown on the market:
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