Crypto News: Bear Market, CRO Rewards, SEC, NFTs & MORE!!
Hey Guys,
Normally I would start by saying I hope you all had a good weekend, but I think it's safe to say that the only people who had a good weekend were the short sellers. It's been another horrendous week in the crypto market, and I hope that this week's crypto review will at least help take the edge off.
Let's start with the elephant in the room: why is the crypto market crashing? As far as I can tell, it has to do with a bunch of uncertainty around the global events that have been weighing down the markets for weeks now: war in Ukraine, China lockdowns, recession risks, and of course inflation.
In addition, we have another important date coming up this Wednesday, and that's the release of the CPI release for April in the United States. I know I've been mentioning this in many places, but it's really something to pay attention to. It's clear by this point that the market is moving in concert with whatever the Fed does or doesn't say.
The reason the CPI print is so important is because it will reveal whether inflation is still running hot or if it's starting to cool off.
Obviously, if inflation is still running hot, the Fed will be more likely to raise interest rates more aggressively come June. With some luck, we will get a favourable inflation reading and a relief rally - a real one this time.
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⛓️ 🔗 Useful Links 🔗 ⛓️
► Microstrategy Liquidation Risk: https://cryptoslate.com/microstrategy...
► Coinbase NFT Marketplace Launch: https://cointelegraph.com/news/tumble...
► SEC Crypto Regulation Unit: https://cointelegraph.com/news/sec-do...
► CRO Crashes 30%: https://cointelegraph.com/news/crypto...
► Argentina Central Bank Blocks Crypto Services: https://cointelegraph.com/news/argent...
► Fed Raises Interest Rates: https://www.cnbc.com/2022/05/04/fed-r...
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📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.
