FUD of War Surpassed Hong Kong ETFs

The crypto market was hit hard by the global risks that increased over the last three days. The conflict between the countries and the fear of a global war affected the markets negatively. As the crypto market is 7/24 open, the first and harshest cases were observed on Bitcoin and altcoins since the rumors started to pop up.

Even though we had a week with both positive and negative news, the bears were able to trigger a huge sell off that spoiled the whole bullish sentiment within a couple of days.

The Total Market Cap clearly signs a correction in the crypto ecosystem. From the levels we dropped, the 2.16T is the strongest support level that we need to follow. In the case that the support level does not work, then the drops may go deeper in both Bitcoin and altcoins.

Let's talk about the positive and negative narratives that affected the market.

Hong Kong aims to attract crypto projects and investors in its blue zone to utilize the growing potential of the crypto market. The conditional approval of Bitcoin and Ethereum ETFs enabled cryptocurrencies to surge up to 10% in the day.

The most promising part of this approval is that Ethereum ETFs were given a place to be served in addition to Bitcoin ETFs which became the narrative of this bull market. Seeing that Ethereum was able to prove itself in Hong Kong, the investors assumed that the ongoing Ethereum ETFs in other parts of the world might get approved, as well.

One thing is certain that the crypto market is full of opportunities and risks now. The first opportunity is the chance for outsider, those who were not able to buy "cheap" Bitcoin or altcoins, can enter from a nice price. Almost all altcoins lost more than double-digit value in 3 days.

The risky side is related to the global tension and the inflation rates. The investors do not want to carry an altcoin position while the fear is high enough to turn everything red. Thus, the rollercoaster actions in the charts will always be here unless these two concerns are done.

If you are a long term believer of crypto ecosystem's future, than the fluctuation in the prices should not bother you. Rather, focusing on possible airdrops, finding the hidden gems or following new hype should be the main goal of yours. For instance, the crypto adoption and the RWA had been the driving forces of target audience in the market. Xuirin Debit Card with day to day transactions has the second stage of the presale. Considering the earlier popularity of CRO (formerly MCO coin), the crypto cards will be a part of our lives!

Finally, the side of InLEO ecosystem has been very hot for a long time. The launch of Leo DEX, which is a cross-chain platform that connects Hive L1 to other chains thanks to Maya Protocol integration, has surged the value of LEO token! Moreover, lions need more liquid LEO to participate in Leo Power Up Day to grow their social presence.

Both SocialFi and the DeFi side of Hive have been developed by the InLEO team with tedious work.
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