The continuation of the series of swing

A decline again and a continuation of the series of swings that we have been living in since the beginning of the year, as cryptocurrencies these days are living in difficult conditions in conjunction with the political and economic conditions that occur in the world despite some good indicators in the market, including Terra's purchase of more Bitcoin with more than 100 million dollars . Therefore, we must wait until the political situation in the world improves, at least so that we can move to the next step.

The current political situation in the world is getting worse day by day. Therefore, we are not waiting for an immediate improvement in the prices of cryptocurrencies, not because of the problem of cryptocurrencies themselves, but because of the confusion in the decisions that is currently taking place from economic institutions. For example, some employees do not guarantee their jobs in major companies because of the fear of reducing employment, and the same applies to owners of projects and capital.

The increase in the interest rate is linked to the inflation that occurs immediately after it, and this is not a good indicator of an improvement in the economic situation, as after the Federal Reserve raised the interest rate last month, many countries that depend heavily on imports began to suffer and the purchasing power of many local currencies decreased.

What's Next?

I think that the time has come for the Central Bank to take some decisions regarding solving the economic problems that have begun to invade the world in the recent period and which must be controlled so that the citizens of the middle class and the poor can provide for the basic needs of life.

All of this has a direct impact on cryptocurrencies. For users who have small capital, it is difficult for them to invest currently in cryptocurrencies due to their need for liquid money to provide the basic resources that their family needs.

As for the whales, we never know how they think, because they always take advantage of any situation to their advantage by lowering prices to collect the largest amount of cryptocurrencies or reap more profits. Therefore, I see that the best thing now is to wait and it is okay if you buy more cryptocurrencies at these prices low.