global stock markets are under bearish pressure

[Novita]

Wall Street tumbled on weekend trade after Fed Chair Jerome Powell's speech in Jackson Hole, which signaled that the US central bank would continue to raise interest rates to tame inflation, dashing investors' hopes of a gentler rate hike path.
My question is will this have any impact on cryptocurrency projects

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[TastyChillySauce00]

I think that you shall go to the CMC to see how real the impact from the bearish market that already happened with stock market. Even some rumours make situation in the crypto become so bad. I think that stock market has a very strong correlation with crypto for now. Anything that happened with stock market and then crypto will always be facing the same thing like that too. Remember that since so many big investors are coming to the crypto and that makes crypto always follow stock market.

[adaseb]

Wall Street tumbled on weekend trade after Fed Chair Jerome Powell's speech in Jackson Hole, which signaled that the US central bank would continue to raise interest rates to tame inflation, dashing investors' hopes of a gentler rate hike path.
My question is will this have any impact on cryptocurrency projects

Yes this will have a direct impact. If you watched the markets since the Covid bottom, you would have noticed that they trade side by side pretty much. Both of these markets peaked at pretty much the same time. So if the fed is still going to be raising interest rates, bitcoin and stocks will be sold off since they are risk on assets.

People will be putting their money into safer alternatives. Hence the reason why the markets have been selling off for pretty much entire year. When the inflation is lower, and fed is stopping the hiking, then it means the bottom has happened or its near. And then everything will start to rally again.

[blockman]

My question is will this have any impact on cryptocurrency projects

To the entire market, it did. Every time there's a result or news about the FED, the market reacts so much. And it's not only with the crypto market but also with the other markets.
Those traditional markets are also making their reactions and these are being played by the big players or whales. They know so much to the market that every single piece of news related to the FEDs, there's always this equal reaction to it and the same goes for the crypto market.

[crzy]

My question is will this have any impact on cryptocurrency projects

We are dealing with this bad markets for almost a half year now and probably we can say that global markets affects the price of cryptomarket same thing with the stock market. There's a lot of economic issues actually, and we really have to do something about it or else we are going to deal for a longer bear market. Though global market is slowly recovering after many countries already open their boarder since the pandemic, most probably early next year we are on a better position, but for now we have to be more patient.

[o48o]

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My question is will this have any impact on cryptocurrency projects

Your account isn't new, so unless you have been living under a rock you should know that stocks most definitely have impact on crypto markets. We know this because it has happened many times in the past. But right now it could be even worse because this bear will be on whole another scale. Although i personally think we have seen the bottom when i look at the charts, we could stay here for a while because future is really uncertain as stocks react to world events and Europe is really volatile right now.

[Scripture]

There’s a lot of factors that affect crypto market, and for sure the global trends can also be one of the factor. But if you are looking at the cryptomarket itself, you can see there’s update that much and the price of Bitcoin failed to break the resistance that’s why we are down again. Stock market problem also be a factor, many crypto investors are into stocks as well, this can affect their decision to liquidate their crypto for now and just buy again once the market hit the bottom.

[samcrypto]

There’s a lot of factors that affect crypto market, and for sure the global trends can also be one of the factor. But if you are looking at the cryptomarket itself, you can see there’s update that much and the price of Bitcoin failed to break the resistance that’s why we are down again. Stock market problem also be a factor, many crypto investors are into stocks as well, this can affect their decision to liquidate their crypto for now and just buy again once the market hit the bottom.

Once the economy of bigger countries faces a bearish trend, we can see the impact on that in cryptomarket as well. The US economy for example are very vital in cryptomarket, we’ve seen a lot of negative impact as they face some economic problem. This bearish trend is an opportunity to accumulate, and it’s better if you do focus on good coins. The market will recover and this is just a temporary trend, the economy of many countries started to see some positive trend, this could be the beginning of a new bull trend.

[wheelz1200]

Wall Street tumbled on weekend trade after Fed Chair Jerome Powell's speech in Jackson Hole, which signaled that the US central bank would continue to raise interest rates to tame inflation, dashing investors' hopes of a gentler rate hike path.
My question is will this have any impact on cryptocurrency projects

It certainly will.  Just in theory less "profits" from other markets limits the amount of free capital they have to put money into fringe ideas like crypto (yes its still niche based investing).  Good global market good for crypto and vice versa in my eyes.

[malcovi2]

You can see how real the impact from the pressure that happened with the global stocks. It's making people feeling worry to spend more money to buy crypto.  the stock market now. Investing in the crypto is pretty much the same like investing in the stock.

If you have been checking the overall markets, both crypto and the stock market are in a bearish state.

Investing in the crypto is pretty much the same like investing in the stock. I see no differences between both.

Both are completely different, in stock market you are investing in businesses that generate profit and you get dividends while crypto you dont generate profit while hodling if its not a pos coin.
This is why people are memeing people who are into crypto calling them "crypto bro's".

[VRExpress]

2023 could be worse and crypto market will be affected, we are still in a bear market and inflation may rise more in 2023, war is still ongoing and it looks like this will go on for a while, things aren't looking good and we will have a taste of it starting from September next month.

[Dave1]

Wall Street tumbled on weekend trade after Fed Chair Jerome Powell's speech in Jackson Hole, which signaled that the US central bank would continue to raise interest rates to tame inflation, dashing investors' hopes of a gentler rate hike path.
My question is will this have any impact on cryptocurrency projects

Admit it or not, crypto and stocks are somewhat correlated, so when stocks tumbled, crypto follow as what we have seen after this raise interest hike because it really doesn't sound good for investors. But for us, the more money is being printed then, probably some of it will go into crypto market. Not saying it's good to see it that way, money printing by the government, but they have to do something that sometimes it will benefit us.

And 2-3 days after the announcement, the price seems to level around $20k'ish. At least at the end of the month we didn't see below or new lowest low as what we heard others predicting. And altcoin market too might recovered next month.

[GreatArkansas]

(.....)
My question is will this have any impact on cryptocurrency projects

For me yes, as you can see recently. It is like a global effect, it is on any market majority, not only in the cryptocurrency market but also in stock markets.
For me, during dumps, the percentage of dumps on cryptocurrency is much higher compared to stock markets, which seems natural as we all know cryptocurrency is more volatile and the volume or market cap is still low in the cryptocurrency market.

[Silberman]

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My question is will this have any impact on cryptocurrency projects

Your account isn't new, so unless you have been living under a rock you should know that stocks most definitely have impact on crypto markets. We know this because it has happened many times in the past. But right now it could be even worse because this bear will be on whole another scale. Although i personally think we have seen the bottom when i look at the charts, we could stay here for a while because future is really uncertain as stocks react to world events and Europe is really volatile right now.

While it is possible that we have already seen the bottom or at least we got very close to it we never know what it may happen, the economic situation around the world is very volatile and if yet another event happened which destabilizes the world economy yet again then it is quite possible that the market could experiment another crash, which is I think something that no one in this market wants to see again because not only this makes us to lose money, this also means that the crypto winter will last even longer than what we thought.

[o48o]

While it is possible that we have already seen the bottom or at least we got very close to it we never know what it may happen, the economic situation around the world is very volatile and if yet another event happened which destabilizes the world economy yet again then it is quite possible that the market could experiment another crash, which is I think something that no one in this market wants to see again because not only this makes us to lose money, this also means that the crypto winter will last even longer than what we thought.

True, we can't know the future, otherwise trading would be easy and at the same time impossible as it's a zero sum game. That's why i was using acronym "imho". But if we would go slowly even lower then before, it would drain rest of the hope from the markets and like you said, crypto winter would last longer then ever. And naturally some people want to cash out now because inflation is eating their income and they want to cut their losses. They will probably sell the bottom, or in best case scenario they can buy cheaper. But i wouldn't buy the dip if it would go lower then before, because it wouldn't be worth my time unless i managed to leverage trade it right with high leverage. But that would be more like gambling.

[tbterryboy]

For me yes, as you can see recently. It is like a global effect, it is on any market majority, not only in the cryptocurrency market but also in stock markets.
For me, during dumps, the percentage of dumps on cryptocurrency is much higher compared to stock markets, which seems natural as we all know cryptocurrency is more volatile and the volume or market cap is still low in the cryptocurrency market.

It should only affect the stock market but since it is said to be global then I think it will have some effect in cryptos and maybe this is the reason why we are going down again. It is normal that crypto can dump more because they are more fragile or volatile than a stock which is most of the time known to be a stable asset just like a gold but dumps are a good thing for accumulation before the rise or the bull happens again.

The overall market cap of crypto might be low for now compared to the stock market but time will come that it will grow and the price will be more stable which is still a good thing I believe? That way people now use their coin more in buying/paying.

[kurniawan05]

The world of Cryptocurrency is very sensitive to existing news, especially those related to economic and financial news, it has often happened that news on this side will have a significant effect on changes in volume and price on the crypto market.

[monineklutak]

The world of Cryptocurrency is very sensitive to existing news, especially those related to economic and financial news, it has often happened that news on this side will have a significant effect on changes in volume and price on the crypto market.

There is no need to doubt it because news especially with crypto market movements are really interrelated,
so I think it's important to follow the news because indirectly we also follow the development of crypto,
Of course we hope that in the future there will be good news

[RussianEnglishTranslation]

Wall Street tumbled on weekend trade after Fed Chair Jerome Powell's speech in Jackson Hole, which signaled that the US central bank would continue to raise interest rates to tame inflation, dashing investors' hopes of a gentler rate hike path.
My question is will this have any impact on cryptocurrency projects

Well yes, is the DXY goes up, then everything else goes down. This is an opportunity to DCA into promising cryptos like ICP, CNDL, and 0xMR.

[bitcampaign]

of course it will have an impact on crypto projects although not too much but I'm sure it's entirely because of cycles and the bear market that usually comes in a 4 year cycle that has been trusted from the past until later, so maybe that's one of the reasons that makes the market a bear