Coin Bureau Host Warns Crypto Markets Could Crash Further During ‘Unprecedented’ Economic Turmoil
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US inflation data for June shows inflation at a four-decade high. Pundit Guy is analyzing the potential repercussions of the recent data. The pseudonymous Coin Bureau host tells his 71,400 subscribers that last month’s inflation numbers are shocking the markets. Guy explains the markets were pricing in a 50 to 75 basis point hike when the Fed meets later this month – that number has now also gone up. Guy also discusses the possible impacts of the data on the crypto markets, which have rebounded from the initial dump. He says a 100 basis point rise in interest rates could still lead to a crash in the market if the Fed decides to go easy on the markets, at least temporarily. The crypto markets themselves also have unique challenges that are dragging us lower. Source