Grayscale said Monday that crypto prices could still benefit if the Fed raises interest rates on Wednesday. As long as the decision is in line with what the market expects.
The price of bitcoin is down 4.3%, trading at around $28,000, according to Cointelegraph data. TradingView Bitcoin recovered from its lows the day after. MicroStrategy earnings report And said confidence in the bitcoin strategy remains strong.
The price of the world’s largest cryptocurrency has dropped about 1.8% over the past month. But still up 69% year over year.
Grayscale said, “Bitcoin may remain sensitive to a number of sentiment-driven factors. This could be influenced by inaccurate or incomplete information,” referring to Arkham’s FUD release.
Grayscale sees factors including further interest rate hikes and lower inflation. “Corresponding to a bullish case for Bitcoin going forward,” the failure of many regional banks. shows that “Investors continue to show interest in crypto during times of economic uncertainty.”
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