Scott Bauer says the message from Janet Yellen today was a sudden and unexpected shock. Gold fell along with Bitcoin as binds were bidding higher. Scott also says the weakness in Bitcoin could be based on a share shift to alt coins like Ethereum and Dogecoin. With Bitcoin weak here around 52k, Scott says institutions may become attracted to it once again. However, the narrative could continue to shift to even more bearishness causing massive selloff in the crypto market all together.
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