Crypto Market Rebound Likely Soon, Says Cathie Wood Amid Fed Policy Shifts
TLDR
- Cathie Wood predicts that the crypto liquidity crunch will reverse within the next few weeks.
- She expects three Federal Reserve policy changes to drive liquidity back into the markets before year-end.
- ARK Invest deployed over $93 million in a single day into crypto-related stocks during the downturn.
- Bitcoin has dropped below $88,000, marking a 30 percent fall from its October high of $126,000.
- ARK Invest increased its exposure to companies like Bullish, Circle, and BitMine Immersion Technologies.
Cathie Wood expects the recent liquidity crunch in crypto and AI markets to ease in the coming weeks. Her forecast follows three anticipated Federal Reserve policy changes expected by year-end. ARK Invest has deployed over…
