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
This increase could recover most of the losses suffered by investors over the last six days.
Actually, when normal conditions should be when interest rates go up, the crypto market goes down. Currently being abnormal condition by inflation. So this interest rate increases to normalize the money supply, the value of fiat money will increase so that people's purchasing power grows