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Bankless
Economic Uncertainty and Crypto Trends
This chapter explores the implications of government hiring freezes and layoffs on unemployment and spending, alongside the Federal Reserve's efforts to control inflation. It delves into the challenges facing the cryptocurrency market following significant events and shifting investor sentiment, highlighting the complexities of financial markets influenced by interest rates and government debt. Despite recent downturns, the discussion also notes pockets of optimism and resilience within the crypto ecosystem.
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