If the Fed is not careful with this delicate balancing process, it may lead to a similar consequence to the 2013 tapering exercise that threw the financial market into disarray. This time, the US is facing other equally concerning issues such as rising living costs, geopolitical tension in Eastern Europe, and the supply chain crisis. 

The crypto market needs fresh catalysts to turn the market around. These catalysts must be impactful to spur investors’ interest. One such possibility is the launch of Bitcoin spot Exchange Traded Funds (ETFs).