The news of the FED and its action against the price of BTC.
Greetings to all readers of this great platform, especially those who make active life within the community of #ProjectHOPE, in the present opportunity I want to talk a little about the BTC and its resistance in the market, despite the attacks it has had by the FED, which made the market did not consolidate the area where it was previously, but what has been seen in the market has come to respond in a good way, despite the constant attacks against it.
 Screenshot taken at: PixaBay |
|---|
First of all the Federal Reserve Board (FED), has constantly reported the financial problems in the US, so it has seen a constant increase in the interest rates of financial institutions, taking that into consideration, large investors prefer to make those loans in stable currencies with a high interest that generates large profits for them, so those investments in the Blockchain are not perceived, being a negative scenario for it.
Taking into consideration the situation that is being presented, in addition to the economic crisis faced worldwide, wars and other factors that have prevented the investment of many countries in the blockchain, it can be taken into consideration that the market has resisted in a positive way with respect to the situation that is being experienced, being a constant danger zone that is faced in the Blockchain taking into consideration the instability of the current market.
A few days ago, where we saw a market recovering little by little, again the FED releases some news that harms, also waiting for the report of September 13 that can bring even more consequences, but we have managed to observe how the market resists in a great way the constant attacks, managing to consolidate in a market area above the 20k of the value of BTC so it is time to continue to wait and be attentive to the next announcements of the world economy.
We've shared and upvoted your post on @crypto.defrag
Hello friend, thank you very much for supporting my content.
@tipu curate
Upvoted 👌 (Mana: 5/6) Get profit votes with @tipU :)
Hello friend, thank you very much for supporting my content.
I think we will have even worse times in the nearest months. It will hurt a lot of people and especially the economy. But I am full of hopes that markets will recover by the middle of next year, once inflation is tamed.