Crypto Market Cranage On Cards - Bloomberg Analyst!

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In an interview with Kitco News, Bloomberg Analyst  Mike McGlone said that further market carnage is on the cards for the broader crypto sector as Fed’s actions will continue to dampen investor sentiment.

The United States Federal Reserve’s inflation “sledgehammer” is about to batter the prices of Bitcoin and Ether down even further, before reaching back to new all-time highs in 2025, according to Bloomberg analyst Mike McGlone.

McGlone thinks that ETH might drop to $1,000, or even lower, given how hawkish the Fed has been and will continue to be this year.

The Analyst also predicted that it’s going to be worse than the 2008 correction, worse than the Great Financial Crisis.