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CryptoAlex
Bearish
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NFT Bored Ape Yacht Club's NFT price has hit its lowest since 2021 The minimum price of NFT from the Bored Ape Yacht Club (BAYC) collection fell to 10.02 ETH, hitting its lowest since August 2021. In May 2022, the price of BAYC peaked at 128 ETH, and since then, their value has decreased by more than 90%.

NFT Bored Ape Yacht Club's NFT price has hit its lowest since 2021

The minimum price of NFT from the Bored Ape Yacht Club (BAYC) collection fell to 10.02 ETH, hitting its lowest since August 2021.

In May 2022, the price of BAYC peaked at 128 ETH, and since then, their value has decreased by more than 90%.

Disclaimer: Includes third-party opinions. No financial advice. See T&Cs.
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✔️ BTC at $63,200, ETH at $3,080. The index of fear and greed is 65 (Greed). The altcoin season index is 39. The market capitalization is $2.241 trillion. 👇 From the news: XLayer. The OKB token will be used to pay transaction fees in XLayer. 💰 CoinShares The outflow of funds from crypto funds last week amounted to $126 million. 😳 Trust Wallet warns iOS users about an exploit threat. The recommended action is to "turn off iMessage until Apple fixes the security threat". Thoughts on coins: 📉 Applicants for Short: - OM - ONG 📈 Applicants for Long: - ONDO - TON
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📍The U.S. natural rate, which corresponds to a neutral monetary policy - a policy that keeps the economy at an equilibrium level without inflation or unemployment - is at 2.5%, while the discount rate is above 5%. The Fed's monetary policy is tight enough that it has ended in recession in the past. 📍The big question is why, with such tight monetary policy, has there not yet been a recession and inflation remains high? There is an obvious answer - the excess savings that were accumulated during the pandemic on the back of helicopter money policies are cushioning the rate hike cycle. But it is becoming increasingly clear that inflation will not have time to fall before savings are exhausted, and then the U.S. economy and financial system will feel the full "charm" of the high rate. In my view, based on the facts, the markets are in for a tough time ahead, despite the prevailing positivity.
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Morning market conditions The market is down today, most of the alts are red. BTC is now trading around $64,800, ETH is trading around $3,100. Bitcoin dominance: 55.85%; Fear and Greed Index: 72 (greed); Altseason Index: 35; Market capitalization: $2.28 trillion.
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Bitcoin made a clue- perfectly flat loys that 90% of the time should be updated! After the 59000 drop, the perfect coin buying window will open! I think there's more than enough liquidations, over 1.3 billion. the market is clearly in a panic, alts dropped 40% in 2 days and this shock comparable to the 2020 crown almost everything came to the bottom! now you understand what alts are - even bitcoin at 70,000 is no guarantee that they will grow!
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I will not write the famous cynical phrase of Baron Rothschild, which applied to the stock market. But it is in such situations, when a newcomer enters his portfolio and sees -30% - 40% of his savings, he starts to panic! Then he sees news about the next fuck-up in the world (war, pandemic, catastrophe) and he gets scared and sells at a loss. The financial market is a psychological game. This is how money moves from weak hands to strong hands. Or as they say "the rich get richer again, and the poor get poorer" - this is the way the world works, there is no point in fighting it, but you can understand the rules of the game and apply them in your own strategy. I'm scared right now too, which means I'll be averaging my spot positions. When I get really scared, I will buy more. For this purpose, you should always have cache (stables) in your portfolio.
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