The 37 Trillion and the concern over the inflation percentage destabilizing the WEB3
The national debate in the United States significantly affects the crypto world because the dollar is the main currency of the global financial system. When there are discussions about issues such as the debt ceiling, interest rates, or economic decisions in Congress, the markets—including the cryptocurrency market—get nervous.
Web3, which seeks to decentralize the internet and money, still largely depends on the value of the dollar. Many people buy cryptos using dollars or stablecoins (like USDT or USDC), which are tied to the dollar. If there is economic uncertainty in the U.S., investors sell risky assets like cryptos, causing declines. In summary: if the United States sneezes, the crypto market catches a cold! 🌐💸 like it or not 😔 it is the reality 😶$BNB