Vertex
@bankbank55
133 Following
47 Followers
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2022: Sharp Reversal and Crypto Market Reaction 📉
In 2022, the Fed shifted its monetary policy, aggressively raising interest rates to combat rising inflation. After a period of low rates, inflation began to surge, and central banks, including the Fed, started increasing rates to curb price growth. This sharp reversal had significant consequences for the cryptocurrency market.
The rapid rate hikes in 2022 led to a "bear market" for cryptocurrencies. Bitcoin and other cryptocurrencies saw substantial declines as investors pulled funds from risky assets like crypto and returned to safer investments. Higher interest rates made borrowing more expensive, negatively affecting market liquidity. Moreover, with rising yields on traditional financial assets, such as bonds, cryptocurrencies lost some of their appeal. 0 reply
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Rate Cut in 2020: Crypto Growth Amid a Global Crisis
In early 2020, when the COVID-19 pandemic triggered a global economic crisis, the Fed took emergency measures by lowering interest rates almost to zero. The goal was to support the economy and prevent a recession by making credit cheaper and encouraging consumer spending. This decision had a broad impact on all financial markets, including cryptocurrencies.
In the wake of rate cuts, cryptocurrencies experienced significant growth. Investors began seeking alternative assets, as low interest rates made traditional financial instruments, such as bonds, less profitable. Cryptocurrencies, seen as a hedge against inflation and a store of value during economic instability, became attractive assets. Bitcoin, long considered “digital gold,” started rising rapidly, reaching record highs by the end of 2020. 0 reply
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📈 Deposit Bonus! New Promotion from BingX
BingX has announced a new promotion that allows you to receive a bonus for making a deposit!
Promotion Terms:
First deposit ≥10 USDT - bonus 2 USDT (x5)
Total deposit ≥50 USDT - bonus 10 USDT (x5)
Total deposit ≥100 USDT - bonus 20 USDT (x5)
Total deposit ≥200 USDT - bonus 30 USDT (x5)
Total deposit ≥500 USDT - bonus 100 USDT (x5)
Total deposit ≥1,000 USDT - bonus 200 USDT (x5)
Total deposit ≥5,000 USDT - bonus 1,000 USDT (x5)
Total deposit ≥10,000 USDT - bonus 2,000 USDT (x5)
Total deposit ≥25,000 USDT - 5,000 USDT 38% APR booster for Wealth for 7 days
Total deposit ≥50,000 USDT - 10,000 USDT 38% APR booster for Wealth for 7 days
Total deposit ≥100,000 USDT - 20,000 USDT 38% APR booster for Wealth for 7 days
Total deposit for crypto purchase ≥1,000 USDT - 2,000 DOGS
Total deposit for crypto purchase ≥20 USDT - 500 DOGS 0 reply
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