- Bulls have dominated the crypto market in the past few days.
- The US trade deficit decreased by 21 percent.
- Fed rate has been a key factor in increasing interest rates.
The crypto currency market has shown its enormous strength in the economy despite being in the red for several months. In recent days, bulls have dominated the cryptocurrency market, pushing prices steadily upward.
According to a post that was made by CryptoNewsLand on its Twitter account not too long ago, the majority of people are wondering if the bear market is over or if the price of cryptocurrencies will see a price dip in the coming days and experience new price lows.
However this is not the first bear market that crypto market is experiencing that has lasted for a month or so. In the year 2014 the crypto market experienced a bear market which lasted for about 400 days followed by the year 2018 where the bears controlled the crypto market in the almost a year and the year 2022 in which the the bearish sentiment has lasted for little over 1 year.
According to a recent post on Reddit, numerous factors affect the price of crypto market one of them being the Fed rate which has been a key factor in increasing interest rates, which is good news for savers, but bad news for the stock market. As well as problematic for many areas, like mortgage rates.
In the year 2020, supply shortages affected 28% of shops, therefore the supply chain also plays a role. There is still a problem with the supply chain. Still, there are gaps and slowdowns. There may have been an increase in bankruptcies as a result. The economy is improving and some areas are recovering faster than others, but not everywhere is doing well. The US trade deficit decreased by 21% in November, per data from the Commerce Department.
Read Also :
Crypto News Land (cryptonewsland.com) , also abbreviated as “CNL”, is an independent media entity — we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.