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UN themselves have called on central banks to stop raising rates. Even governments are moving against their policy. A change there would have direct impact on crypto.

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by COINS NEWS 117 Views

Thr United Nations themselves have just made an official statement on the hawkishness of the central banks and especially the FED right now. According to them the central banks are rising to push the global economy into a recession, which has already happened many parts of the world and will be there in the majority of the world by next year.

So what does this have to do with crypto? Actually a lot as nearly all of Crypto price action (apart from black swan Luna) has been due these rate hikes. So a change of strategy there will directly influence stock markets and then the correlation will also take influence on Bitcoin and then all of Crypto . The main price action would be upwards in that scenario.

But obviously all of that is very theoretical as the FED and Co. Likely won't give a shot about what the UN is saying and will move to back down a record inflation as they actually should honestly.

A source to read more on this matter: https://www.wsj.com/amp/articles/u-n-calls-on-fed-other-central-banks-to-halt-interest-rate-increases-11664809202

submitted by /u/partymsl
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