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
like what the first post says? you can check on your own in Market Cap to see if there is significant effect on that matter.
the movement shows no big deal after that speech so at least no effect for now? but lets see what happens in the coming days as the interest rates will continue to climb as the dollar also continues to increase its value against other currencies.