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<h2 id="header-0">The macroeconomic climate is still being restricted by the Federal Reserve.</h2>The cryptocurrency market has struggled to overcome the poor economic conditions, even though it has not yet reached new lows. Additionally, it looks that the picture for the cryptocurrency market has just gotten much worse. The battle against inflation is still in its early stages, according to Raphael Bostic, president and chief executive officer of the Atlanta Fed.Prices for bitcoin are still hovering around $19,000–$20,000. The current price is $20,245. <a href="https://www.coingabbar.com/en/crypto-currency/ethereum-eth-prices-usd" rel="noopener noreferrer nofollow">Ethereum</a> has been unable to regain its pre-merge position. The price is presently $1366.OPEC&#43; has also made the decision to reduce oil production in order to raise gasoline prices. Additionally, it can lead to higher inflation.Outlook for How The Fed Regulates The Crypto MarketBy regulating the money supply, the Federal Reserve is in charge of preventing anomalous macroeconomic conditions. The Fed is limiting the money supply through increased interest rates and quantitative tightening as a result of skyrocketing inflation levels.The aggressive posture of the Fed has led to a sharp decline in the price of cryptocurrencies. Bostic asserts that the Fed&#39;s battle against inflation is still in its early stages. He thinks that before the year is out, the Fed has to raise interest rates by an additional 150 basis points.Additionally, the Organization of Petroleum Exporting Countries has decided to reduce oil exports in order to raise prices. Rising levels of inflation in the US may be a result of high energy prices. President Joe Biden asserts that OPEC&#43; has made the decision to back Russia&#39;s position in the conflict with Ukraine.The San Francisco Fed&#39;s President and CEO, Mary Daly, concurs that additional interest rate increases are required.Is the Fed miscalculating the recession?To calm the UK economy, the Bank of England switched to quantitative easing. The central banks have been forewarned of an oncoming recession by the World Bank and the UN.However, it is unlikely that the Fed will heed the dire warnings about the impending recession.

Why Did The Outlook For The Crypto Market Just Get Worse?

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