Crypto Market Slump to Continue Through 2023, Says Crypto Expert Guy Turner
• Bitcoin experienced its largest weekly percentage rise since February 2021.
• Crypto expert Guy Turner predicted that the cryptocurrency market slump will extend through 2023.
• Turner believes a lot of people expect the stock market to take the next leap lower.
The cryptocurrency market has seen a major boost in 2021, with Bitcoin experiencing its largest weekly percentage rise since February 2021. The popular cryptocurrency closed the week of January 13 with 20% gains, reaching its highest level in over two months and currently trading at $20,800.
Crypto expert Guy Turner predicted the cryptocurrency market slump will extend through 2023. Turner shared that he keeps an eye on traditional markets due to their association with the cryptocurrency market, and in light of the gloomy forecast for the property and equity sectors, he anticipates additional losses for crypto assets.
Turner believes a lot of people expect the stock market to take the next leap lower. He said he is preparing himself for the possibility of a further deterioration in the stock market and economic conditions, though he believes that once it turns the corner, it could be a great opportunity for crypto assets.
As the cryptocurrency market continues to grow and fluctuate, it is important to stay abreast of the latest news and developments. Crypto investors should keep an eye on traditional markets, such as the housing market and stock market, so they can make informed decisions and capitalize on the potential opportunities when they arise.