Effectively, it lastly occurred… the factor that now we have all been ready for for nearly over a yr has lastly taken place… The US federal reserve has determined to pause rate of interest hikes after an 18 month spree of fee rises. Regardless of the optimism for the speed hike pause, inventory markets all over the world started to tumble, which then, in flip prompted the cryptocurrency market to take a fall as nicely. We now have indications that the fed might proceed to boost charges once more this yr to fight inflation. On high of this information, we now have infications that Tether the biggest stablecoin out there would possibly depeg due to marke turbulance, Binance CEO changpeng zhao can be within the information for allegedly promoting off Bitcoin with a view to prop up the worth of bitcoin.
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