Quote from: Marvell1 on May 06, 2022, 09:24:36 PM

Quote from: lizarder on May 06, 2022, 01:16:11 AM

Quote from: eaLiTy on May 05, 2022, 09:43:44 PM

Unlike in the past, the cryptocurrency market does move according to the global financial situation and the exact reason why the market is going down rapidly is because of the fear of recession is looming upon is and in situations like these, investors would bail out and look for much safer investment like gold and the raising of the interest rate is another factor for the fall.

At this time, the crypto movement factor is not too far away, as well as the global financial situation will determine the market will go down or just collapse, the dollar and gold are still the main sources in determining crypto movements, negative and positive reactions really depend on how the dollar and gold react, although in general crypto is not tied completely to anything, but this role is still the same to whatever will happen in the future, recession and inflation can affect fiat currency or crypto as a whole

Crypto does not stand alone and now that it has become a part of the global economy, it will also be influenced and governed by events that are happening in the world. We are in a period where wars and inflation are at record highs all financial markets in general are selling and withdrawing not only cryptos.

Like Pandemic and the War happening now? year there are world issues that affects market and specially crypto prices in which we are experiencing now and even in 2020.

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With the Fed expected to continue raising rates between now and the end of the year, this will cause a lot of volatility for bitcoin or the market in general, so don't expect too much a growth this year.

if they are going to continue raising rates then this will be the market fulling down and may effect the whole market till now.

but Maybe there is still Hope for all of us , we only need to trust the system lol.