Crypto Market Predicted 'Bleeding' Before Bullish In 2024!

<p>&nbsp;"Understood but when do you think the crypto market will crash?"</p><p><br /></p><p>After predicting that the cryptocurrency market will face a crash in 2022, an investor named Chris Burniske recently predicted that the digital asset will see bleeding again before the bullish movement begins.</p><p><br /></p><p>Burniske, a partner at venture capital firm Placeholder, has told his 262,300 Twitter followers on his account that he expects the crypto to plunge as much as 40% first before continuing to rally in 2024.</p><p><br /></p><p>So here it can be seen that the crypto market will soar in the next year until 2025 right after the price falls by 20% or 40% this year, but the question now is when will the decline in the price of digital assets start?</p><p><br /></p><p><br /></p><p>Comment Bruniske again, the crypto market can plunge drastically when the Federal Reserve (Fed) takes a hawkish stance in their monetary policy.</p><p><br /></p><p>According to Fed Chairman Jerome Powell, the central bank of the United States (US) may raise interest rates more this year to lower inflation, therefore it could have a negative impact on risky assets such as crypto.</p><p><br /></p><p>Burniske also believes that the crypto market will see a smooth upward movement only after the Nasdaq 100 index (NDX) makes horizontal momentum.</p><p><br /></p><p>This is because the price of BTC since 2019 has made massive jumps several times when NDX calmed down.</p><p><br /></p><p>As of this writing, BTC price has slipped by 0.64% to $30,353 in the last 24 hours with a market cap of $589 billion further recording a 0.57% decline over the last week.</p>