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
Overall inflation always has an impact on all aspects of the world, including cryptocurrencies because every aspect of the economy or the economy will experience a slight obstacle with the decline in people's purchasing power and increasing interest rates in each bank. You can also see and feel for yourself if there is an increase in the price of goods or food in your area, surely people's purchasing power will decrease and the economic cycle will be a little slower than usual.