{"id":687,"date":"2024-04-16T02:27:07","date_gmt":"2024-04-16T02:27:07","guid":{"rendered":"https:\/\/cryptogoldex.com\/index.php\/2024\/04\/16\/10x-research-forecasts-major-correction-for-cryptocurrency-and-stocks\/"},"modified":"2024-04-16T02:27:07","modified_gmt":"2024-04-16T02:27:07","slug":"10x-research-forecasts-major-correction-for-cryptocurrency-and-stocks","status":"publish","type":"post","link":"https:\/\/cryptogoldex.com\/index.php\/2024\/04\/16\/10x-research-forecasts-major-correction-for-cryptocurrency-and-stocks\/","title":{"rendered":"10X Research Forecasts Major Correction for Cryptocurrency and Stocks"},"content":{"rendered":"<p>The analyst revealed that his firm has sold all tech stocks in anticipation of a bearish event. \u201cWe sold everything last night,\u201d wrote Thielen.<\/p>\n<p>The founder cited decreasing rate cuts, rising bond yields, and persistent inflation as the deterrents behind his bearish outlook. The analysis follows Bitcoin\u2019s 11% drop over the past week, with the cryptocurrency trading at $61,988.93 at the time of publication.<\/p>\n<p>Thielen attributed Bitcoin\u2019s drop to waning expectations of a cut in U.S. interest rates. \u201cMost of this 2023\/2024 bitcoin rally is driven by expectations that interest rates would be cut, and this narrative is being seriously challenged now,\u201d he added.<\/p>\n<p>According to Daly, there\u2019s \u201cno urgency\u201d for the US to cut rates. Furthermore, Thielen revealed that his firm still holds some \u201chigh-conviction crypto coins.\u201d However, he clarified that the company\u2019s overall sentiment remains bearish.<\/p>\n<p>Thielen\u2019s warning follows his previous bearish scenario for Bitcoin.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The analyst revealed that his firm has sold all tech stocks in anticipation of a bearish event. \u201cWe sold everything last night,\u201d wrote Thielen. The [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":686,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[49],"tags":[],"class_list":["post-687","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency-analysis"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/posts\/687","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/comments?post=687"}],"version-history":[{"count":0,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/posts\/687\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/media\/686"}],"wp:attachment":[{"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/media?parent=687"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/categories?post=687"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/tags?post=687"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}