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News Explorer — BlackRock Predicts Rate Hikes, Potential Short-Term Volatility for Crypto

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Mar 31, 10:31 am
Blockworks

BlackRock Predicts Rate Hikes, Potential Short-Term Volatility for Crypto

BlackRock, the world's largest asset manager, has predicted that the US Federal Reserve will continue its campaign of rate hikes, which could lead to short-term volatility in the crypto market. Previous hikes have had mixed results, with some leading to drops in Bitcoin's price and others resulting in moderate increases. The longer-term implications of high-interest rates are unknown.

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