Cryptocurrency News

Fed FOMC comments and Bitcoin ‘bear channel’ could kickstart a decline to $28K

05/03/2022

Less than a minute

2022.05.03 00:31

Fed FOMC comments and Bitcoin ‘bear channel’ could kickstart a decline to $28K

The start of May has seen a continuation of the weakness in crypto and equities markets and at the moment, there is no indication of any short-term factors that could reverse the bearish trend.

Equities markets are also in a downtrend and according to researcher Clara Medalie, the price of stocks from companies with exposure to Bitcoin (BTC) have also taken a notable hit.

05/03/2022

Less than a minute

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