Crypto Market Awaits Fed's Next Move Amidst Market Volatility

IconCryptoNewsTerminal Staff11 Jun, 2024

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Crypto Market Awaits Fed's Next Move Amidst Market Volatility

Bartosz Lipinski, founder of cryptocurrency trading platform Cube, laid out his analysis in a recent CNBC interview, emphasizing the correlation between the stock and crypto markets. A sell-off in one tends to follow in the other. Lipinski attributes this to the market's reduced expectations for a near-term Fed rate cut and growing concerns about the long-term implications of high interest rates. While there is still anticipation of a rally in the long run, Lipinski anticipates volatility to persist until the Fed's plan becomes clearer. Despite strong BTC fundamentals and inflows via spot ETF, market sentiment has yet to fully catch up.

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