South Korean researchers say that crypto winter will end before the financial year is over, but think that the US Federal Reserve’s attempts to bolster the United States economy could continue to influence crypto markets in the meantime.
The research was carried out by the domestic exchange Korbit and reported by Maeil Kyungjae. The exchange’s research unit predicted that a “prolonged” crypto winter – characterized by low or stagnant bitcoin (BTC) and altcoin prices – would continue for many months yet, but would finally end before the end of the fourth quarter of the current financial year.
The researchers looked at trends from previous crypto winters, and drew a parallel with the slump that began in late 2018.
Jeong Seok-moon, the head of Korbit’s research unit, was quoted as stating:
“This market downturn is similar to the ‘third crypto winter,’ which the markets experienced between the end of 2018 and early 2019.”
Jeong opined that the Fed’s “tightening” monetary policies had...
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