Mar 9, 12:07 am
Decrypt
Regulatory Crackdown, Silvergate Collapse, and Fed Rate Hikes Cause Bearish Bitcoin Sentiment
Investors are feeling bearish towards Bitcoin due to a combination of factors, such as a tough regulatory crackdown, the collapse of crypto-friendly bank Silvergate, and the Federal Reserve’s aggressive interest rate hikes. This has caused investors to either sell or sit still, and liquidity conditions have deteriorated significantly since the collapse of FTX.
