ICYMI: here's why some industry experts are expecting a short-term relief rally soon crypto Fed cryptocurrency
Shiba Eternity Launched in Australia, XRP Suddenly Jumps 8%, President Who Lost $56 Million in BTC Seeks Reelection: Crypto News Digest by U.Today
If the Fed, for whatever reason, decides that a 75bp step is not enough to control the rising inflation, the market will get hit with a 100bp hike. Such a hike would certainly cause a disturbance among cryptocurrency holders as it obscures the industry's future and negate the chances of a market recovery until mid- or late 2023. Merge update has been the main driver for the market for the last few weeks and even months.
Alternative networks that inherited Ethereum's hashrate are also in a poor state as investors are not seeing the equivalent of Ethereum's growth potential in them.Arman Shirinyan is a trader, crypto enthusiast and SMM expert with more than four years of experience. Arman strongly believes that cryptocurrencies and the blockchain will be of constant use in the future. Currently, he focuses on news, articles with deep analysis of crypto projects and technical analysis of cryptocurrency trading pairs.
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