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burpee01 · 11 days
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BlackRock Issues Serious Fed Warning As Crypto Braces For A Predicted 50% Bitcoin Price Crash BitcoinBitcoin -1% has bounced back from a price crash last week, climbing along with stock markets as traders hold their breath for a Federal Reserve bombshell.
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The bitcoin price has climbed back toward $60,000 per bitcoin after dropping toward $50,000 due to "extreme fear" taking hold of the market.
Now, as traders search for signs the market could be headed for recovery, analysts with the world's largest asset manager and bitcoin spot exchange-traded fund (ETF) issuer BlackRock have warned they see more "volatility flare-ups ahead," and predicted the Fed won't cut rates as quickly as markets expect.
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