Recent fluctuations in the crypto market have drawn analysts' attention. Jose Krüger discussed the reasons for price drops and forecasts for the near future.
Reasons Behind Recent Decline
Krüger believes the downturn in the crypto market is due to pressure from the Federal Reserve, persistent inflation, and subsequent profit-taking in equity markets. According to him, these factors have led to a sell-off that has also affected crypto assets.
Issues Within the Crypto Sector
In addition to external factors, Krüger points to internal problems within the crypto industry. Weak financials from Coinbase, potential changes in MicroStrategy's equity issuance model, and uncertainty around Ethereum-based treasury structures create additional pressure on the market. Nonetheless, he emphasizes that the SEC's "Project Crypto" could be a positive step toward regulatory clarity.
Future Prospects
Krüger anticipates that the Jackson Hole meeting will be a key moment in shaping expectations for a potential rate cut in September. Despite short-term fluctuations, he remains optimistic in the medium term. Krüger believes that easing monetary policy and growing adoption could lead Bitcoin to reach $200,000 - $250,000 by mid-2026.
Thus, current trends in the crypto market evoke mixed feelings. Despite short-term challenges, analysts like Krüger express hope for recovery and long-term price growth.
