The Fed hiked interest rates by 25 bps 🥲
However, the crypto market hasn't fallen much. STEEM as well, luckily. What a shame.
Why did they increase interest rates 🤔 Since Oil prices started increasing again, it has stimulated CPI(Consumer Price Index). The Fed had no choice but to hike rates.
Will the crypto market be bullish this Q4? I have no idea. I just wish a small altseason. If it occurs, I can wait for Altseason 3.0 more.
El mercado muestra que, pese al hike de 25 bps de la Fed, STEEM apenas perdió soporte, lo que indica que la acumulación on‑chain sigue presente. El volumen de altcoins se mantiene bajo, pero la falta de caída significativa sugiere un nivel de soporte que podría permitir una pequeña altseason.
It is possible that nothing happens, as there are so many coins in the market that investors are struggling to decide which one to invest in. While we might see a minor pump, even then, it would be difficult to figure out exactly which coin to invest in.