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As we head into a future plagued by a growing amount of financial uncertainty, it will be interesting to see how the digital asset industry continues to react to the prevailing pressure.
So far, June has been the worst month for Bitcoin and for the crypto world, with the largest cryptocurrency by market cap losing over 55% to trade at $20,300 as of June 23. Bitcoin bottomed out on June 18 when it broke below $17,800 for the first time since the end of 2020. The US Federal Reserve is partially to blame for the massive crash. The central bank turned more hawkish than expected during the last few months in an effort to put a cap on high inflation. Government data showed that the US consumer prices index (CPI) surged at
The Fed must balance between the markets and the economy, and Deutsche Bank's recession forecast for the US.
Abdul Gadit shares his BTC price outlook and 4 altcoins he's bullish on, including one trading below $1 after surging about 90% in the past year.