The crucial week in the world economy and crypto economy.
Greetings to all readers of this great platform, especially to those who make life in the great community of #ProjectHOPE, in the present opportunity I want to share with you information that is related to the world economy and the crypto market, because this week will be declared if there is economic recession in the US or everything continues in normality, which can affect in one way or another the crypto market, so you have to be attentive.
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The world and the blockchain are going through economic problems, which has generated setbacks in the markets in a big way, in the same way has affected the crypto market coupled with the year of correction in which we are going through, we have been very attentive to the world news of this month of July, regarding the possible economic recession that can be generated in the world economy, and the statements that can be generated this week.
Some time ago I told you that the recession could occur if in 2 quarters gave negative consecutively in terms of GDP, it is considered that we have entered into economic recession, with this begins the increase in interest rates that affects the world economy, and affects the blockchain through fundamental analysis in the market, how the lack of investors can affect the increase in the price of the crypto market.
Although these external factors affect and that this July 28 will be given the statements on whether the recession exists or does not exist, due to the 2 negative quarters in a row, we must remember and always keep in mind the crypto market cycle, after having passed 2 years of the last cut in the BTC issue it was already time for the market correction, and according to the projections that are made in the market we should go in search of the 10k as far as the price of BTC is concerned.
On the other hand, this possible recession may accelerate the correction process of the crypto market due to the lack of investors, but this process is something practically unstoppable and that has to finish happening in the course of the remaining months of this year, so let's be attentive to the news that may be issued in the following days regarding the world economy and determine the impact it may have on the market.
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Just reading the word recession fills me with a certain amount of fear, we can only continue to prepare for what is to come. Thank you for keeping us informed.