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My question is will this have any impact on cryptocurrency projects
Your account isn't new, so unless you have been living under a rock you should know that stocks most definitely have impact on crypto markets. We know this because it has happened many times in the past. But right now it could be even worse because this bear will be on whole another scale. Although i personally think we have seen the bottom when i look at the charts, we could stay here for a while because future is really uncertain as stocks react to world events and Europe is really volatile right now.