Bitcoin, crypto prices throttled by macro headwinds: QCP
Crypto prices slipped this week as the Fed’s minutes revealed a hawkish outlook due to increasing inflation concerns.
Bitcoin (BTC) and the broader cryptocurrency market buckled on Jan. 9, extending a multi-day downturn with the total digital asset sector down 4% to $3.37 trillion in 24 hours.
A QCP Capital researcher wrote on Telegram that macro headwinds weighed on crypto prices after minutes from a Federal Reserve meeting shared late on Wednesday, Jan. 8. Fed governor Christopher J. Waller said the central bank would stagger any further rate cuts to curtail rising inflation risks.
The Fed indicated that they will slow down the pace of rate cuts given that the risks of inflation have increased. Yesterday’s…
