Hey Guys, If you thought that last week was crazy, you haven | Coin Bureau Insider

Hey Guys,

If you thought that last week was crazy, you haven’t seen anything yet. This week we’re likely to see a continuation of the same crypto and macro factors that moved the markets, and by moved I mean crashed.

Most of the recent volatility is due to a deadly combination of low liquidity and lots of liquidations. This means that any moves to the upside or downside are likely to be more extreme, and there are lots of catalysts for this.

One catalyst to keep a close eye on is the debt ceiling. The mere prospect of a default could result in double digit declines – it’s what happened in 2011. It could have a particularly profound impact on crypto via stablecoins.

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