‘Bullish rate hike’ — Why crypto spiked today in the face of bad news

[newshunter]

‘Bullish rate hike’ — Why crypto spiked today in the face of bad news

The Fed’s attempts to reel inflation in by increasing interest rates are usually associated with a pullback of investment activity across markets.

Source: ‘Bullish rate hike’ — Why crypto spiked today in the face of bad news

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[Noverteno]

Rising inflation is bad news for fiat. However, this situation is not only not bad for the cryptocurrency, on the contrary, the inflation of conventional currencies leads to an increase in interest in the cryptocurrency, an increase in demand for it and, as a result, an increase in its price.
Inflation is not only a negative, it also plays a positive role for the development of the economy. All processes are interconnected and if we direct our efforts to further development, such development occurs.

[Bobcrypto]

As a matter of facts, most time this bad news does not not hold the crypto movements. Some times investors ignore this bad news wether on FED interest rate increase, inflations drives, Crypto investors go LONG on crypto. When a certain situations continue without improvement, many crypto investors/traders go on investing, and it at times bring the desired results on the long run.

[Ryu27]

‘Bullish rate hike’ — Why crypto spiked today in the face of bad news

<p style="float:right; margin:0 0 10px 15px; width:240px;"></p><p>The Fed’s attempts to reel inflation in by increasing interest rates are usually associated with a pullback of investment activity across markets.</p>

Source: ‘Bullish rate hike’ — Why crypto spiked today in the face of bad news

Would appreciate your opinion about this

We know that when there is a bit of a problem with inflation the first thing that is immediately affected in this matter is the fiat currency which also causes the increase of other goods in the market, now what is happening with cryptocurrency like this with pumps and dump, I don't think it's because of inflation, but I don't think he's connected to that, it's according to my understanding here in this industry.