So for a long time now I have realized how immediately the news from the US FED tend to really have an effect on the bitcoin market almost immediately when the news is released..
A bitcoin which was trading at $20,000 above some hours ago suddenly had a price drop to $18,900 after there was a report about the US FED increasing the interest rate by another 75bps..
I am not always cool with the situation whereby the US Fed do have a say on what happens on the crypto market.
And sadly with the way things are going , the US FED might continue to increase the rate as they are trying so hard to tackle inflation , does that mean the crypto market will keep experiencing the bearish trend throughout this year ?? Well let's keep our fingers crossed and see if the crypto market can fight against any kind of market manipulation which will make it to avoid being controlled by an institution or an individual..
A crypto market that can be on its own is the best for us all , if the market can be easily controlled by a certain group of people , then that is not cool at all because they can simply keep hurting the market whevever they want , I expect the crypto market to really be very decentrazlized in terms of market behaviour in a way that no particular institution or group of people can just wake up and just decide what will happen to the crypto market at anytime they want..