Crypto Outlook: Macro trends to watch in 2023

Crypto Outlook: Macro trends to watch in 2023

Jack Tan, Co-founder of crypto trading platform WOO Network, joins CoinDesk's "All About Bitcoin" to discuss his reading of bitcoin's stagnant price following the implosion of crypto exchange FTX. Plus, his outlook on crypto markets and macro trends in 2023.

"I’m looking at the world as a trader so I try to match the narrative to price action. One thing I noticed is the 2-year rate already flattening out…. so while Fed Chair Powell keeps reiterating 5.1-5.2% for the Fed funds rate, the 2-year Treasury has fallen from 4.7% to 4.2%. The 2-year rate has been a leading indicator for what the Fed does and it seems they are often playing catch up. Interestingly, the BTC and ETH have held up well vs ALTs and vs tech stocks like TESLA, which makes me think that perhaps the factors linking gold and bitcoin are coming into play," Tan said.

Watch the full interview below.


The content above is neither a recommendation for investment and trading strategies nor does it constitute an offer, solicitation, or recommendation of any product or service. The content is for informational sharing purposes only. Anyone who makes or changes the investment decision based on the content shall undertake the result or loss by himself/herself.

The content of this document has been translated into different languages and shared throughout different platforms. In case of any discrepancy or inconsistency between different posts caused by mistranslations, the English version on our official website shall prevail.

Read Next

We use cookies to improve your experience. To find out more, please read our Privacy Policy. By clicking "Accept", you consent to our cookie and Privacy Policy. Or you may click “Decline”to refuse to consent.

Stay Connected

WOO connects traders, exchanges, institutions, and DeFi platforms with democratized access to the best-in-class liquidity and trading execution at low cost.

Terms of Service Privacy Policy Information Security Statement