‘Gewelddadige reprishing’ - bitcoin duikt plotseling vast als ‘cascade’ prijsongevallen waarschuwing raakt Ethereum, XRP en Crypto

Bitcoin has fallen sharply, dropping 12% from its August peak to its lowest level since early July amid a stark warning the bitcoin price could crash much further.

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The bitcoin price plummeted towards $109,000 per bitcoin after hitting an all-time high of over $124,000 per bitcoin just this month (leading to Harvard economist Kenneth Rogoff admitting he got bitcoin wrong ten years ago) and hitting ethereum, XRP and other major cryptocurrencies to the tune of almost $200 billion.

Now, as traders say they’re seeing surprising signs the bitcoin price rally could be over, fears of a wider bitcoin price and crypto crash are growing.

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ForbesNew ‘Rockefellers Or Rothschilds’—Bitcoin Is Quietly On The Brink Of A Huge $84 Trillion Crypto Price EarthquakeBy Billy Bambrough

“Most price action reflects traditional risk-asset behavior tied to monetary policy, where investors are rallying around anticipated liquidity,” Thomas Chen, the chief executive of institutional bitcoin software developer Function, said in emailed comments.

“Any deviation from the Fed script in September will cause a violent repricing. A delayed or ‘no-cut’ scenario from the Fed could trigger a large correction across major crypto assets and altcoins.”

The Federal Reserve is widely expected to cut interest rates in September, though officials continue to say they’re waiting on jobs and inflation data before making a decision.

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Forbes‘Global Crisis’—$37 Trillion Fed Dollar ‘Crash’ Fears Fuel Huge Bitcoin, Ethereum, XRP And Crypto Price PredictionsBy Billy Bambrough

“This isn’t a crypto problem but a leverage problem: expectations that the Fed will cut rates [raises the possibility that] liquidity will flood the market [which causes] crypto [to] go up,” Chen said.

However, Chen warned that traders shouldn’t be surprised if a “cascade of forced selling occurs” due to it being built on a “house of cards of a single narrative of a soft landing,” adding “the correction would likely separate speculative crypto positions from genuine institutional bitcoin and ethereum deployments.”