It is true that high inflation in the majority of countries in the world has created a global economic crisis and has definitely affected the crypto market.
Which makes the crypto market look difficult to recover, even now that the Bitcoin price has dropped back below $20k, this is not a good thing.
But I believe the Bitcoin price support is strong enough to prevent the Bitcoin price from falling even lower, I even hope Bitcoin doesn't drop below $17k, because if that happens there will be panic and that could make Bitcoin drop even lower. That's why we as Bitcoin holders must believe in the future of Bitcoin and never sell Bitcoin at a low price. So that Bitcoin does not fall too deep and can bounce back, I believe a bull market will come when
the Bitcoin halving occurs. So now our focus must be to collect as much Bitcoin as possible and hold it until 2025, I believe we can make a big profit by doing that.
I have to say it is not that bad right now considering how fast it was going at some point. I am not saying we are in a good position, all I am saying that the first initial increase in inflation was so quick and fast that it looked like it was going 100 miles per hour, and if it kept up, today we would have 50% inflation in UK for example, my nation already has over 100% inflation for example.
So, it "slowed down" which is still high and bad but at least it is not going worse, it is just staying bad. You know things are horrible when you are happy that you are just at bad level, and not going worse. I am not even hoping for a good economy anymore, I am just hoping for not any worse.