#Ethereum binance smart chain 60m series
Specifically, the big caps in crypto all hit bottom in 2022 in the last days of the second quarter when a series of bad macro news from the US inflation situation, the Ukraine war or the black swan UST-LUNA were all priced in. This shows that the crypto community sentiment has long been shaped by the predicted macro changes of the world’s largest economy.
When the news was officially announced, the price did not fluctuate as expected. However, we can observe a decrease in the price movement of cryptocurrencies which often comes before the official news from the Fed is released.
For the crypto market, those actions from the US Federal Reserve always bring downward pressure, except for the only increase in July. With 5 times the FED raised interest rates in the fiscal year 2022, the market reacted negatively when Global stocks were simultaneously down bad. Since then, the risk-off sentiment has enveloped the entire financial market with worries about high inflation, which can lead to many consequences that may result in an economic recession. In March of this year, the FED officially announced the first interest rate increase in more than 3 years and offered a prospect of the next 6 increases. Our Research team has compiled and analyzed the market fluctuations in parallel with the release of in-depth commentary on prominent topics. Kyros Ventures and Coin68 would like to present to fellow readers and investors the Q3 2022 Cryptocurrency Market Report. Green sprouts from The Merge, ZK-EVM or the reception of NFT and new cash flow bring hope for the last months of 2022. Ethereum the Merge couldn’t carry the market going through a gray clouded macro environment. The end of the third quarter of 2022 left mixed emotions.
0 kommentar(er)
