The Fed rate is rising, and interest in any virtual crap is falling.
Bigtech shares are falling, interest in cryptofalls also.
In October, crypto trading volume amounted to $543 million (-26% mom) - the minimum since December 2020.
https://www.theblock.co/post/181394/crypto-exchange-volumes-23-month-low
https://www.rbc.ru/crypto/news/636132c59a7947692d0d52e2
Read this:
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The amount of venture capital funding in the crypto industry fell to a minimum in a year
Footprint Analytics: NFT Trading Volume Drops 40% in Q2
USDC volume on whale addresses fell to a two-year low
RMB Bitcoin Trading at LocalBitcoins Reaches Two-Year Low