![]() ![]() There have been some positive signs this week the Reserve Bank of Australia surprised financial markets by hiking the interest rate by a modest 25 bps, below the 50 bps expected, being the first to halt the ultra-aggressive monetary policy.Ī smaller-than-expected interest rate hike by the Australian central bank stirred hope that the Federal Reserve might temper its aggressive raising of rates. central bank’s tightening monetary policy.įund manager Peter Schiff said that a lack of institutional support and a strict monetary policy are inalienable parts of the bear market, which will continue for quite some time, according to the current macro environment. Risk-on assets tend to suffer in such conditions, and it is important to say that risky assets like stocks and cryptocurrencies have been considerably impacted by the U.S. While the rate increases are intended to tame inflation, investors are worried that an aggressive interest rate could tip the economy into a dip recession. central bank signaled more large increases to come in new projections showing its policy rate rising to 4.40% by the end of this year before topping out at 4.60% in 2023. Sandbox token is advancing this trading week, but traders should consider that the risk of another decline still persists. SAND is the native token of the Sandbox platform, which is used to facilitate various transactions that are part of its gameplay, including purchasing LAND, interacting with user-generated content, and staking it to participate in the governance of the decentralized autonomous organization (DAO). The Sandbox enables its users to explore, purchase and create structures that can be monetized, and it also tracks ownership of the digital LAND and non-fungible tokens (NFTs) on its application. The Sandbox is a community-driven platform built on the Ethereum blockchain that operates a decentralized virtual gaming world. 6 SAND price expectations from analysts and experts. ![]() 5 What indicates further downfall for SAND.4 What speaks for the rise in the SAND price.3 Important support & resistance levels for SAND.1 FED will not pause its campaign to bring price growth down. ![]()
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