BlackRock Issues ‘Unprecedented’ Fed Warning After $300 Billion Bitcoin And Crypto Price Crash
By: Billy Bambrough
Bitcoin and crypto prices have moved sharply lower since early June, wiping $300 billion from the combined crypto market (even as the market braces for a $4 trillion "watershed moment").
The bitcoin price has crashed back from over $70,000 per bitcoin earlier this month as traders scramble to adjust following a serious Federal Reserve interest rate warning by Treasury secretary Janet Yellen.
Now, as one bitcoin and crypto legend bets on a huge China pivot, analysts at the world's largest asset manager BlackRock have warned an "unprecedented" scenario is unfolding that could hit the bitcoin price and crypto market.