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Federal Reserve Board Member Waller: The cryptocurrency frenzy sparked by Trump may be waning
GateNews
PANews February 10 News, according to Bloomberg, Federal Reserve Board Governor Christopher Waller stated that as recent market sell-offs have occurred, the cryptocurrency market frenzy driven by the current US government is gradually fading, and the sell-off has shaken this asset class.
Waller, speaking at the Global Interdependence Center conference in La Jolla, California, pointed out that fluctuations in the crypto market are normal, and recent market volatility may be due to regulatory uncertainty and risk management operations by large financial institutions. He believes that many institutions entering cryptocurrencies from mainstream finance have sold off to adjust their risk positions.
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ABigHeart
· 02-10 00:19
Federal Reserve Board member Waller pointed out that recent market sell-offs have dampened enthusiasm in the cryptocurrency market, and volatility may be due to regulatory uncertainty and financial institutions adjusting risk positions.