Quote from: Novita on Today at 07:23:40 PM

Quote from: wheelz1200 on August 29, 2022, 11:29:29 PM

Quote from: Novita on August 29, 2022, 04:07:36 AM

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

It certainly will. Just in theory less "profits" from other markets limits the amount of free capital they have to put money into fringe ideas like crypto (yes its still niche based investing). Good global market good for crypto and vice versa in my eyes.

What does this mean for sure...?
will this have an impact on cryptocurrency projects? Sorry bro, because I am confused by your answer “In theory, less “profit” from other markets limits the amount of free capital they have to put money into fringe ideas like crypto”.
please explain so that the question with your response can be understood by other members.

Probably he means : Global money flow or circulation. When global economic indexes aka overall markets are down, investors don't risk their investment capital and staying away from risky crypto markets. Less investment leads to further downtrend on crypto charts, so less profit for industry enthusiasts for mentioned low money flow. Just my 2 cents.