Andrew Weiner MEXC’s Vice President states that in recent months, we have witnessed many large institutions going bankrupt, which made BTC fluctuate around $16,000 for several weeks. Although the ongoing flow of funds in the market clearly represents that it has no sign of a rebound. A true recovery requires a blend of the macroeconomy and industry breakthroughs. Fed Chair Jerome Powell, during the eighth and final meeting of 2022 on November 30, implied that the Federal Reserve is likely to increase interest rates by another 50 basis points. The previous Fed rate hikes were for 75 basis points. Going The post MEXC Opinion: The Crypto Market Still Needs Periods to Rebound appeared first on Cryptoknowmics-Crypto News and Media Platform .
