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Macroeconomics returned to the forefront of the crypto market 👀
This week, the US Federal Reserve released key GDP data, and days later, Jerome Powell, the Chairman of the Federal Reserve, spoke. 🇺🇸
What were the consequences for the crypto market? Let's discuss it 🧵
When interest rates remain high, money becomes more expensive and risk appetite decreases. Consequently, cryptocurrencies and altcoins tend to move more cautiously in the short term.
The crypto market is waiting for the same thing: lower inflation and interest rates starting to loosen. 😮💨
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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