Unfortunately, once again, not much has changed on a macro level. We remain in a bearish risk-off period due to the poor macroeconomic conditions, which we have discussed in previous posts. If you’re new here, or just need another refresher once again (sorry), here is what has been happening in the macro economy:
1) The war in Ukraine
2) Coronavirus pandemic
3) The FED being hawkish and interest rate hikes
4) Inflation at an all time high
6) Incoming recession
7) Overprinting of money
Because not much has changed in the last week, I want to focus more on the micro environment and current news again. Despite the bearish market sentiment, there have been several events that are worth mentioning.
The Micro Environment
Within this brutal bear market and macro FUD, there have been several bullish events happening on the micro scale. Many mainstream brands or Web3 organizations with large audiences have been utilizing NFTs and blockchain technology for growth and development. #Binance #crypto2023 #buildtogether
