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Benzinga
Benzinga
Business
Samyuktha Sriram

UBS Warns Bitcoin Selloff May Be The Start Of A 'Crypto Winter', Says Fed Rate Hikes Will Lower Appeal Of Crypto

Analysts at investment banking giant UBS Group AG (NYSE:UBS) are warning that Bitcoin’s (CRYPTO: BTC) recent price slump could suggest the start of a “crypto winter.”

What Happened: In a note to investors seen by Business Insider, UBS analysts outlined some key factors that suggest crypto markets might be headed into bearish territory.

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