Chaos and panic continues in the crypto money markets. With the inflation rate announced in the USA last week exceeding the market expectations, the steps to be followed by the Fed for the upcoming period accelerated the collapse in the crypto money markets. Today, BTC is at $ 20,490 and the decline continues..
In addition, after the news that the US Securities and Exchange Commission SEC has launched an investigation for "insider trading" in crypto exchanges, it increased the atmosphere of panic, causing sharp falls in the markets.
After the FED meeting to be announced today, interest rates will be determined and will guide cryptocurrencies. In my opinion, there will be no positive news and I believe that we will see BTC at lower levels, unfortunately.
The current crypto market is really scary.
I am not good at economic info, but i read some news that the overall world economic is in a bad situation. even Japan is in a bad state at the moment.
Hope that we can always hold on, and stay strong.
Food shortages, climate change, wars and inflation will unfortunately be in our lives for a long time. I hope these bad days are over
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