Total Crypto Market Cap $ back to 1 trillion? More downside?
From my point of view the further crypto market development is heavily dependent on macro factors such as:
- Federal Reserve's decision to hike interest rates in the upcoming months to curtail the rising inflation in the country
- Stability of the US stock-market which is heavily correlated to the crypto market
- Leverage portions within the market: According to coinglass.com, long positions worth over $1 billion were liquidated in the last 24 hours
- Conflict in Eastern Europe
Chart patterns are important but macro factors should always be considered! I still have my long-term positions but also put some cash aside! Not financial advice!
- Federal Reserve's decision to hike interest rates in the upcoming months to curtail the rising inflation in the country
- Stability of the US stock-market which is heavily correlated to the crypto market
- Leverage portions within the market: According to coinglass.com, long positions worth over $1 billion were liquidated in the last 24 hours
- Conflict in Eastern Europe
Chart patterns are important but macro factors should always be considered! I still have my long-term positions but also put some cash aside! Not financial advice!
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.