Wall Street tumbled on weekend trade after Fed Chair Jerome Powell's speech in Jackson
Hole, which signaled that the US central bank would continue to raise interest rates to tame inflation, dashing investors' hopes of a gentler rate hike path.
My question is will this have any impact on cryptocurrency projects
Yes this stock market will put very bad effect on price of Bitcoin which cause whole crypto market bear. Currently inflation rate is so high and overall situation is very bad . No one is in condition to invest big. Some analyst says that inflation rate may go up above 40% in 2023. If it happened then we will see big dump in crypto market also.