This Would Have Tanked the Crypto Market a Few Weeks Ago
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Image this:
It’s the final bell, of the final day of third grade.
Summer time has began.
You’ve bought your Gameboy in your pocket, a Pokemon cartridge within the slot, and your mother simply mentioned your finest pal (the one with the hyperlink cable) can keep over.
That, proper there ☝️, is the definition of a ‘nothing can wreck my excessive’ second.
And it looks like crypto goes by one thing related proper now.
Trigger the Federal Reserve simply met and mentioned:
“Whereas inflation had eased over the previous 12 months, in latest months there had been a scarcity of additional progress.“
With varied members voicing “a willingness to tighten coverage additional ought to dangers to inflation materialize in a manner that such an motion grew to become acceptable.“
A number of weeks in the past, this could have instantly despatched the market right into a panic. However as of this writing, we’ve seen a slight dip (in the event you may even name it that).
Issues might need modified by the point you’re studying this (as is the character of crypto) — however for now, the market is exhibiting its resilience.
Wanna do some extra math? Let’s do some extra math:
Ethereum ETF rumors + Bitcoin breaking/hovering round $70k + April’s losses being made up for already = a ‘nothing can wreck my excessive’ second.
