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<ul class="wp-block-list news-points"> 
 <li>The US economy is setting its course to a recession by December, said analyst Henrik Zeberg.</li> 
 <li>Zeberg predicted that as the economy crashes, the Fed will continue to cut rates and pump more money.</li> 
 <li>Zeberg also believes that the recession will have a “painful” impact on the crypto market.</li> 
</ul> 
Head macro analyst at SwissBlock, Henrik Zeberg, warns the crypto market is in for a rough ride as the United States faces the threat of a recession this year. Zeberg predicts that 99% of digital assets will collapse as the crypto space encounters its first recession. 
In an <a href="https://www.youtube.com/watch?v=oon2HPCAhgw" target="_blank" rel="nofollow">interview</a> with the Metals and Miners podcast, Zeberg said that the recession will start to take shape in December and the Federal Reserve will start cutting rates by an estimated 50 basis points, affecting the markets all over the world. He added:&nbsp; 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 “I think there will be a 50 basis points in September and I think they’re going to cut you know faster into the end of this year. What we see is simply that the slowdown of the economy.” 
</blockquote> 
Zeberg was asked about the impact that the traditional markets will have on Bitcoin similar to what was witnessed earlier this month when the leading digital asset�…
The post <a href="https://coinedition.com/analyst-predicts-crypto-crash-if-us-recession-hits/">Analyst Predicts Crypto Crash if US Recession Hits</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Analyst Predicts Crypto Crash if US Recession Hits

Coin Edition

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