After a briefly experienced euphoria in the market since 07/09, the global scenario showed signs of caution that directly impacted the appetite for risk markets, including cryptocurrencies.
The maintenance of the high interest rate in the US, combined with mixed economic data such as persistent inflation and lower-than-expected growth, has increased risk aversion among investors. In addition, geopolitical tensions and uncertainties about stimulus in China have reinforced a climate of instability.
All these factors momentarily interrupted the momentum of altcoin appreciation, which relies on greater liquidity and optimism for better performance.
It seems that we will have to wait until there is greater clarity about the directions of the global economy and US interest rates.
Patience, pursuit of knowledge, and perseverance!
