This Would Have Tanked the Crypto Market a Few Weeks Ago

(Crypto markets ☝️)

TL;DR

• The Federal Reserve just voiced concerns around inflation, siting a willingness to raise rates further…and the crypto market shrugged it off.

Full Story

Picture this:

It’s the last bell, of the last day of 3rd grade.

Summer has started.

You’ve got your Gameboy in your pocket, a Pokemon cartridge in the slot, and your mom just said your best friend (the one with the link cable) can stay over.

That, right there ☝️, is the definition of a ‘nothing can wreck my high’ moment.

And it feels like crypto is going through something similar right now.

Cause the Federal Reserve just met and said:

“While inflation had eased over the past year, in recent months there had been a lack of further progress.“

With various members voicing “a willingness to tighten policy further should risks to inflation materialize in a way that such an action became appropriate.“

A few weeks ago, this would have immediately sent the market into a panic. But as of this writing, we’ve seen a slight dip (if you could even call it that).

Things might have changed by the time you’re reading this (as is the nature of crypto) — but for now, the market is showing its resilience.

Wanna do some more math? Let’s do some more math:

Ethereum ETF rumors + Bitcoin breaking/hovering around $70k + April’s losses being made up for already = a ‘nothing can wreck my high’ moment.