Last month before the Federal Open Market Committee (FOMC) meeting that ignited the first positive bull sentiments in the crypto market after the Federal Reserve (FED) announced that they have hiked interest rate by 75 basis points to clamp down on surging inflation in the United States, which actually worked because the inflation rate reduced by 0.6% from 9.1% to 8.5%, which it was in March and everyone was annoyed and when it dropped back to the same level a few days back everyone was rejoicing, although most people like me think it is not enough, that the federal reserve can do better, someone in my comment section helped me realize that it is a little win and might be a step in the right direction to tackle the high inflation rate in the United States.

That being said, the drop of the United States inflation rate back to 8.5% helped rekindled the already burning bull market sentiments that were fading away and the crypto market reacted to the news and bounced back, the bullish positive sentiment from two days back is what or part of the catalyst that is pushing the crypto market and coins to new highs after hitting some major lows when Bitcoin traded below the $19k to $18k price levels, at the point that Bitcoin and altcoins were hitting their lows, crypto critics took it as an opportunity to prove a failed point that Bitcoin and crypto are dead and going to zero.

FOMOing Into The Crypto Market Is About To Kickoff

I truly pity those who took wrong advice from all these crypto critics who don't know anything about crypto but decided to cause more fear, uncertainty, and doubt (FUD) in the crypto market, to make people panic and sell off their coins in huge losses. Now those who listened to them and sold all their coins in huge losses would be regretting their actions and are planning to FOMO in again as the crypto market is recovering, although I still see some liquidity that needs to be filled below the current price of Bitcoin but let's watch and see how it all plays out. Also, I still pity those who did not take advantage of the lower price to accumulate more coins at a cheaper rate because they too would be planning to FOMO into the crypto market now at a much more higher price than before.

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