Macroeconomic data points toward intensifying pain for crypto investors in 2023

Macroeconomic data points toward intensifying pain for crypto investors in 2023

Market Analysis
January 7, 2023 by secret
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[ad_1] Undoubtedly, 2022 was one of the worst years for Bitcoin (BTC) buyers, primarily because the asset’s price dropped by 65%. While there were some explicit reasons for the drop, such as the LUNA-UST crash in May and the FTX implosion in November, the most important reason was the U.S. Federal Reserve policy of tapering