Possible impact of the decision of the People's Republic of China on cryptocurrencies.
Greetings to all readers of this great platform, especially to everyone who makes life in the great community of #LeoFinance, in the present opportunity I want to share with you information that can be very striking for the crypto markets, taking into consideration what China and its national bank is doing, regarding the investments that are being made since a few weeks ago that is really making the whole market move in general, due to its large investments.
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As we all know the FED regulations have greatly affected the world economy, from the traditional economy to the decentralized economy, with which everything in general has been affected, and investments in cryptocurrencies had been greatly affected, with which the market was in a constant decline with respect to BTC prices and with it all the tokens went down, having this reality for more than a year and continuing to see the FED announcements already the market is not being so affected by them.
Under this perspective, countries like China and Japan began to take advantage of these economic problems that are having the economy of England and the USA, which are the ones that govern the main economy worldwide, being the first and second in world economic power, so each of the decisions of these Nations generate a big problem for the world economies, under this situation we must be very attentive to the behavior of the markets.
In the current situation that is lived in the world economy and cryptocurrencies, China began to really generate an economic battle, in which we can get to see a great positive recovery, or may have a negative action in the near future in case their economic measures affect the Eastern countries and we see how interest rates must be readjusted once again, with which we could see another blow in the world economy and in the decentralized economy.
Under this perspective, we can observe the positive plane as follows, all the positive economy injection in terms of amount of investment are the central banks of China and Japan, with which we can see how they are taking acceptance in the crypto markets and the traditional market, in addition to a large market injection that made last week of 100 billion dollars, which is a great but great injection of resources and an expansion of its economy.
This is generating that the impacts of the FED due to its announcements of the interest rate increase do not affect the market so much and to complete this recovery, we have seen the announcement about the city of Hong Kong, decided that from June 1 will be legalized cryptocurrencies for the purchase, sale and use of them by its citizens, increasing in that period the investment in cryptocurrencies, with which may be the month of the boost for the crypto market and thus to be able to observe again a bull market.
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