Economist Commented on Cryptocurrencies: “Extreme Rally” Will Come

According to economist Henrik Zeberg, some indices and cryptocurrencies are expecting an “extreme rally”.

Henrik Zeberg, in his statements on his social media account, said that perceptions in the market will be extremely bullish.

The economist expects US markets to peak in the second half of the year and the recession to begin in the last quarter of the year. Zeberg stated that there may be a rapid decline in the markets after that.

Cryptocurrency investors' eyes are turned to the economic data coming from the USA this week. Consumer price index data for April will be announced on Wednesday.

Before this, Bitcoin continues to remain in the range of 60 thousand to 70 thousand dollars. According to CoinGecko data, BTC is trading just under $63,000.