BREAKING CRYPTO NEWS! WHY CRYPTO IS DOWN TODAY!

BREAKING CRYPTO NEWS! WHY CRYPTO IS DOWN TODAY!

thanks for getting the latest crypto
news from me as always I appreciate you
my name is Austin if you’re new to me um
consider liking and hitting the
Subscribe button below so why crypto is
down the latest breaking crypto news
that’s we’re going to talk about so you
can see that crypto is down 2.5% and
there’s really one key reason why crypto
is down and I do consider this to be
pretty significant crypto news we got a
big week coming at us um not a fun week
and uh we’ve got a couple of key factors
at play here okay so basically one of
the main reasons why you know Bitcoin
and all of crypto right here you can see
bitcoin’s down 1.8 ethereum down
3.6 uh BNB salana three and uh four and
a half percent respectively just kind of
continuing Dogecoin down five everything
across the board is down and you can
even see like the top Gainer is helium
Wormhole uh Leo Dow 136 and 4%
respectively but you can see overall
maker leading the charge out of the top
100 down about 9% and core and Gala down
about eight and 7% respectively okay so
what is coming at us this week uh well
quite frankly it is the Federal Reserve
meeting is set for this week and the key
here is what are they going to do right
and believe me I would love to make a
video and not have to talk about the
Federal Reserve inflation the continuing
languishing if you will of the economy
and all of those things uh because the
fear here is that they’re going to have
higher for longer interest rates okay
and
remember coming into this year we were
GNA have three to four or more interest
rate Cuts
okay that landscape has changed now we
may have interest rate hikes to try
to
bolster the economy cool inflation it’s
just simply not going away like the fed
the Federal Reserve wanted it to do well
what is that doing to crypto it’s
creating uncertainty it’s creating uh a
condition where people don’t really know
what is going to happen so what do
people do they move to a cash position
they pull out I.E crypto’s down 2.5 plus
perc now we’ve also got on top of this
we’ve got the
expected choppy
water you know very volatile market
after the Bitcoin having for the next
three or four months actually four or
five months leading into September
October so we got that underneath this
Federal Reserve scenario that we’ve got
playing out and that’s why crypto is
down there you go it’s as simple as that
so uh just wanted to kind of make you
guys aware of this and so you knew that
this is what was playing out today um
you know it it is what it is um both of
these factors we obviously have zero
control over and we just kind of have to
write it if you look at the fear and
greed index it’s writing at a neutral I
remember vividly in 2022 and
23 years if you will uh where it was in
the red you know where we were
definitely down in a major major fear so
people are not hugely fearful they’ve
just moved to this kind of neutral
position and you’ve got you’ve got some
Capital leaving the market I.E you know
we’re down 2 and a half% right here
right now okay so Before I Let You Go
links in the description below to a lot
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show that to you so check it out
hopefully you could see all that yep
picture of me wasn’t covering it up
thanks for giving me a few minutes time
I’ll see you take care bye

BREAKING CRYPTO NEWS! WHY CRYPTO IS DOWN TODAY!

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