What is happening with Crypto market

[Polo crypto]

Today I read a post from altFINS about current crypto and macro situation.

Do you think the bear market will continue until FED will end raise interest rates?

The post:

Crypto Market Overview (week 37)

Crypto and equities markets finished the last week with losses, preparing for this week’s FED announcements. Crypto markets dropped heavily with Bitcoin down by over 10% compared to the previous week, closing at 19.419 on Sunday. ETH experienced the biggest slump by almost 25%.

The Merge had successfully taken place on September 15th, 2022, at 08:42:42 GMT+2 at a Block #15.537.393, marking the full transition of the network from Proof-of-Work (PoW) to Proof-of-Stake (PoS), which will cut energy consumption by about 99.95% compared to the PoW consensus mechanism. However, the successful upgrade had not fuelled the Ether’s price further up. Instead, the price remained flat at the Merge event and finished the week down at 1.335. Equities, on the other hand, dropped by around 5% with NASDAQ closing at 11.448 and S&P closing at 3.873 last Friday.

The FED is expected to raise interest rates by another 0.75% this week. The consumer price index, published by the Bureau of Labor Statistics on last Tuesday, increased by 0.1% in August, ending at 8.3%, down from 8.5% in July 2022, but still at four-decade highs. Headline inflation rose 0.1% month over month, even with falling petrol prices.

Core inflation rose 0.6% month over month, translating to an annual increase of 6.3%, up from 5.9% recorded during the previous period. Economists surveyed by Dow Jones had been expecting a decline of 0.1% for overall inflation, with a rise of 0.3% for core inflation. Moreover, Economists polled by Reuters forecast the CPI fell by 0.1% month-on-month in August, resulting in 8.1% for August 2022, down from 8.5% a month earlier.

Despite the drop in gasoline prices, the rise in core inflation fuelled speculation that the FED will have to step up with further rate increases on its next meetings. According to Refinitiv, the new expectations point the federal funds rate to a new target range of 3.80% to 4.20% by end of 2022, with a peak of 3.94% – 4.45% around March 2023.

Overall, the crypto market sentiment (measured by Crypto Fear & Greed Index) continues to stand at 21/100, indicating Extreme Fear, compared to a month ago when the Index stood at 29/100. The total crypto market cap had dropped by almost 10%, crossing below the $1 trillion mark. ETH dominance slightly dropped to 18% (from 20.5%) and Bitcoin went slightly up to 39.4%. As we had pointed out in our previous week’s macro analysis, the ETH Merge was a typical buy-the-rumour-sell-the-news event. The Protocol’s technical upgrade had already been priced in.

WATCH OUT FOR: The next monetary policy meetings are scheduled for September 20-21st, 2022 for the FED and October 27th, 2022, for the ECB. The next US CPI release for September 2022 is scheduled for October 13th, 2022. The next US GDP update will be released on September 29th, 2022, followed by October 27th. 2022.

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[jackg]

I think I'm in agreement with what's been said here before about inflation being disproportional to bitcoin's price. I think we'll see bitcoin doing a lot better when that starts to fall again (thought we might have to wait until inflation stabilises again first).

I know you posted this from an article but I think it could've done with at least one graph showing how all these rates have affected bitcoin in a way more simple than reading the data.

[Hamza2424]

Dear for Holders that nothing but yeah market behavior is annoying for the weak hands i advice to every investor calm down as it was expected that week will start as dip pressure but point is FOMC and global recession position made more difficult for crypto to being out of this Zone faster.

Still if you motivation bro its crypto what we haven't sceen here a major to major dip but it always stand up and brings heavy returns so If you are newbie try to study history and then by a big heart accept the situation and forget all this untill 30k

[GreatArkansas]

I am now curious why the Bitcoin price is dumping now when the inflation rate is rising. At first, I believe that Bitcoin solves this and that Bitcoin is somehow the best solution against inflation for now but we saw the opposite side.
This seems really the effect of a bear market which even though the market tries to recover it's really having difficulty.

[Hamza2424]

I am now curious why the Bitcoin price is dumping now when the inflation rate is rising. At first, I believe that Bitcoin solves this and that Bitcoin is somehow the best solution against inflation for now but we saw the opposite side.
This seems really the effect of a bear market which even though the market tries to recover it's really having difficulty.

Well sir these days i have sceen many posts related to inflation and questions about the BTC Standing against the inflation currently I'm not sure about anything but I'm trying compile a topic as maximum of BTC Discussion is about the BTC on Inflation so lets see what i can find current research and analysis says long story short that BTC is not a perfect anti inflationary solution but it can be for the Long run.

[palle11]

I am now curious why the Bitcoin price is dumping now when the inflation rate is rising. At first, I believe that Bitcoin solves this and that Bitcoin is somehow the best solution against inflation for now but we saw the opposite side.
This seems really the effect of a bear market which even though the market tries to recover it's really having difficulty.

Well sir these days i have sceen many posts related to inflation and questions about the BTC Standing against the inflation currently I'm not sure about anything but I'm trying compile a topic as maximum of BTC Discussion is about the BTC on Inflation so lets see what i can find current research and analysis says long story short that BTC is not a perfect anti inflationary solution but it can be for the Long run.

Moreso is there a relation for dollar increase to bitcoin fall in price. Yesterday dollar was a little weak against base pairs then bitcoin had a little rise but today the revise is looking to be the case now that dollar is gaining some strength then bitcoin is dropping gradually and before the night fall if dollar denomination continues then the price of bitcoin will go on depreciating.

[Inspiron14]

I am now curious why the Bitcoin price is dumping now when the inflation rate is rising. At first, I believe that Bitcoin solves this and that Bitcoin is somehow the best solution against inflation for now but we saw the opposite side.
This seems really the effect of a bear market which even though the market tries to recover it's really having difficulty.

Yes, that seems to be the case and currently the market conditions are still bearish,
I think this has an influence on Bitcoin price movements,
maybe Bitcoin price will go up again when it's bullish later and we don't know when it will come

[kryptocanon]

Nothing is happening in crypto that hasn't happened before, 2018 was worst than this. There's always room for a retest, there's bear and bull season. Everything has its season, we just got to be wise about it all.

[bocyaj]

Current crypto currency market was a sad one to the holding people.They keep on losing their dollars by holding the potential coin itself.I had lost 120$ from 530$ two days back.It’s just because of the holding of various coins and the market crashed nothing like anything.The percentage of 120$ from 530$ is very huge money.Its essential one to hold your coins for the long run in the crypto currency trading.

[batang_bitcoin]

I am now curious why the Bitcoin price is dumping now when the inflation rate is rising.

Yeah, it should be bitcoin must be increasing when the inflation rate is high. There's an explanation on it and understanding how it works but it's completely different from what I've understood in today's happening.

At first, I believe that Bitcoin solves this and that Bitcoin is somehow the best solution against inflation for now but we saw the opposite side.
This seems really the effect of a bear market which even though the market tries to recover it's really having difficulty.

I still believe that it's the best asset to hedge against inflation. It is that, most of the assets are also decreasing and the same hit by the world economic crisis and that's why it's not exempted. But, eventually, this will be back to its normal attitude that it goes against the opposition of these traditional assets.

[Scripture]

Nothing is happening in crypto that hasn't happened before, 2018 was worst than this. There's always room for a retest, there's bear and bull season. Everything has its season, we just got to be wise about it all.

This is true, only the beginners or newbies are panicking right now because they haven’t experience the worst in this market. While many are panicking, many are also taking this opportunity to buy more and accumulate more. The pump and dump trend is normal when the price failed to break the resistance or hold on to the support level. The monetary policy of US is rising the interest rate just to save their economy from falling into a higher inflation, after that most probably we will rise again, so keep on holding and don’t panic, this bear trend will end in the right time.

[topman21]

The current market is very out of control. In such a situation of the market, every investor has a problem now.From such a high level the market has come down to the lowest level it has become a very expressive language in the mind of every human being.Why the market is going from so bad is really something to think about.Will the market ever recover?

[sheenshane]

The current market is very out of control. In such a situation of the market, every investor has a problem now.From such a high level the market has come down to the lowest level it has become a very expressive language in the mind of every human being.Why the market is going from so bad is really something to think about.Will the market ever recover?

Of course, it is.
It has been proven for how many bear market seasons passed but that there's always a new ATH come.  The problem is why the bear market becomes struggling to recover because of those newbies that keep panicking, sometimes those FUD continue to spread which makes other people panic.

But anyway, that's right, everything in crypto is unpredictable but if you'll look around, Bitcoin has already established its name and becomes trusted that supported in any e-commerce business which is very useful and I don't think there's a reason the market fall down.

[wxa7115]

The current market is very out of control. In such a situation of the market, every investor has a problem now.From such a high level the market has come down to the lowest level it has become a very expressive language in the mind of every human being.Why the market is going from so bad is really something to think about.Will the market ever recover?

Of course, it is.
It has been proven for how many bear market seasons passed but that there's always a new ATH come.  The problem is why the bear market becomes struggling to recover because of those newbies that keep panicking, sometimes those FUD continue to spread which makes other people panic.

But anyway, that's right, everything in crypto is unpredictable but if you'll look around, Bitcoin has already established its name and becomes trusted that supported in any e-commerce business which is very useful and I don't think there's a reason the market fall down.

The newbies are one of the main reasons why the market takes so long to recover, whales are experts at creating FOMO and FUD respectively and they do this to manipulate the newbies to do what they want.

It is obvious that the current downward movement we are seeing is being manufactured to see if they can make the newbies to panic and create an even bigger crash, so far they have being partially successful but I am sure they are expecting even more from the current movement.

[bittraffic]

The current market is very out of control. In such a situation of the market, every investor has a problem now.From such a high level the market has come down to the lowest level it has become a very expressive language in the mind of every human being.Why the market is going from so bad is really something to think about.Will the market ever recover?

Of course, it is.
It has been proven for how many bear market seasons passed but that there's always a new ATH come.  The problem is why the bear market becomes struggling to recover because of those newbies that keep panicking, sometimes those FUD continue to spread which makes other people panic.

But anyway, that's right, everything in crypto is unpredictable but if you'll look around, Bitcoin has already established its name and becomes trusted that supported in any e-commerce business which is very useful and I don't think there's a reason the market fall down.

The newbies are one of the main reasons why the market takes so long to recover, whales are experts at creating FOMO and FUD respectively and they do this to manipulate the newbies to do what they want.

It is obvious that the current downward movement we are seeing is being manufactured to see if they can make the newbies to panic and create an even bigger crash, so far they have being partially successful but I am sure they are expecting even more from the current movement.

With SEC, FED, and all other regulatory bodies including Greenpeace collaborating in all thier ways, newbies seeing the prices red will really panic to sell what little they have in disappointment. Right after ETH merge SEC strikes right away about POS tokens to be security, it's timed perfectly.

But once all these storms died the prices will come back up again.

[Sebas.tian]

The current market is very out of control. In such a situation of the market, every investor has a problem now.From such a high level the market has come down to the lowest level it has become a very expressive language in the mind of every human being.Why the market is going from so bad is really something to think about.Will the market ever recover?

Yes, the market will definitely recover soon because the bearish market will not remain forever, which many professional investors are aware of it in this current crypto market situation. I think, many investors are using this bearish market to buy coins and hold until the bullish market take over before they can sell to be part of those that will smile in the community. Since the green light is preparing to remain stable through out the year, for investors to know that bullish market is very close to both long term investors and short term investors to embrace massive profits from their investment.

[CapGelatik]

The current market is very out of control. In such a situation of the market, every investor has a problem now.From such a high level the market has come down to the lowest level it has become a very expressive language in the mind of every human being.Why the market is going from so bad is really something to think about.Will the market ever recover?

Yes, the market will definitely recover soon because the bearish market will not remain forever, which many professional investors are aware of it in this current crypto market situation. I think, many investors are using this bearish market to buy coins and hold until the bullish market take over before they can sell to be part of those that will smile in the community. Since the green light is preparing to remain stable through out the year, for investors to know that bullish market is very close to both long term investors and short term investors to embrace massive profits from their investment.

It's true that the market will definitely recover but we really don't know when that will happen.
definitely need patience to wait for the bull market to come,
indeed when the market is bearish the price of coins tends to fall and that is why either investors or traders take advantage of it to buy coins

[Taskford]

The current market is very out of control. In such a situation of the market, every investor has a problem now.From such a high level the market has come down to the lowest level it has become a very expressive language in the mind of every human being.Why the market is going from so bad is really something to think about.Will the market ever recover?

Yes, the market will definitely recover soon because the bearish market will not remain forever, which many professional investors are aware of it in this current crypto market situation. I think, many investors are using this bearish market to buy coins and hold until the bullish market take over before they can sell to be part of those that will smile in the community. Since the green light is preparing to remain stable through out the year, for investors to know that bullish market is very close to both long term investors and short term investors to embrace massive profits from their investment.

It's true that the market will definitely recover but we really don't know when that will happen.
definitely need patience to wait for the bull market to come,
indeed when the market is bearish the price of coins tends to fall and that is why either investors or traders take advantage of it to buy coins

Normal sight to see when bear market condition occur and almost all of the crypto drop since there own holders will also get affected on market sentiments brought up by negative insights by many people. And we don't know when this one ends so the only thing we need to do is to watch and trade according to what position we get in since from this we can still earn even if the market is in bearish season.

[Pandu Geddon]

Normal sight to see when bear market condition occur and almost all of the crypto drop since there own holders will also get affected on market sentiments brought up by negative insights by many people. And we don't know when this one ends so the only thing we need to do is to watch and trade according to what position we get in since from this we can still earn even if the market is in bearish season.

if you want to put yourself in a trade when the market is bearish like it is right now. actually quite difficult to do. Moreover, the current market movement is very volatile. the risk is too great, even when you are trading futures.

normal situation occurs, but choosing to trade in my opinion is not good enough if we are not pro traders who have sufficient skills. I believe we should make better investment planning now. no matter long or short term, we don't know when the market will recover.

[ethereumhunter]

Normal sight to see when bear market condition occur and almost all of the crypto drop since there own holders will also get affected on market sentiments brought up by negative insights by many people. And we don't know when this one ends so the only thing we need to do is to watch and trade according to what position we get in since from this we can still earn even if the market is in bearish season.

And if we can't trade, we don't have to force ourselves to try it because in this situation, if we miss analyzing, we will buy at a high price and there is a possibility that we will have to wait until the price rises again. In this bear market condition, we should buy at a low price when the red candle appears in the market and hold it for a while until the green candle appears and exceeds our buy price to make a profit. That's where we need to learn about trading to use the moment to buy and sell even if we are in a bear market.