Jerome Powell, Chairman of the United States Federal Reserve told Wall Street Journal on May 17th that the Rate increases of 50 basis points would be continuedTo ensure that inflation remains under control. Powell’s emphasis on a hawkish policy suggests that monetary conditions are likely to remain tight in 2022, which could limit the upside in risky assets.

Glassnode is an On-Chain Market Intelligence firm that stated (BTCThe ), reached its lowest point when Prices below the real price. However, barring the 2019 to 2020 bear market, during previous bear cycles, Bitcoin’s price stayed below the realized price for anywhere between 114 to 299 days. It is possible for Bitcoin to recover quickly if macro conditions are unfavorable.