In this episode, The Master Nodes discuss some key news on what's happened between June 12th, 2022 and June 19th, 2022 in the crypto space. The Master Nodes goes over why the crypto market is going down and how the fall of crypto is affecting popular crypto companies like Celsius.  - - When it comes to crypto we have to look at the micro impacts on our economy to really see why not just crypto but all markets are crashing. First we have the FED officially announcing that they would be adding a .75% hike to interest rates. The largest jump we have seen in 28 years. This in turn leads to a domino effect because with banks being charged higher interest, trickle down economics kicks in, and we see the consumer/customer at the end getting their once almost interest free debt piled up on them and they just can't keep up. So to offset their losses and pay off their debt they are selling "riskier" investments like crypto. Another factor that can be contributing to the fall of the market is the fall of BTC. As we all know BTC is the forerunner of the market, and depending how its doing reflects on the market over all. What many people don't realize is that after every bull run we see BTC have an average drawdown of 85%.  85%. In the current market this draw down number is around thee $10,300 range. Taking that into account these are just some of the factors that are affecting the market.  - - With the markets crashing we also see crypto companies like Celsius being affected as well. This past week we saw celsius pause withdraws from its app due to liquidation issues. Soon after we find Celsius hiring a restructuring attorney. What is financial restructuring? Restructuring is when a company decides they need to make drastic changes to the way it chooses to operate. This typically happens when the company is under financial stress. Basically, due to market volatility, we've seen celsius’ whole infrastructure put in danger. Celsius’ main goal is to let people use crypto-backed loans that charge low interest. The market is dropping at a crazy rate and people who have used Celsius to get loans have been liquidated which further drives the price down. This is causing a negative feedback loop for celsius and the market. This is one of the reasons Celsius has chosen to halt withdrawals and crypto swaps. Time will tell where the market will go and what's in store for crypto companies. If y'all have any questions send us a DM to @themasternodes on all social media platforms and someone on our team will be happy to help.  - - Join our email list at http://www.themasternodes.com for the latest and greatest crypto information. We will send out market rundowns, beginners' guides, giveaways, crypto news and so much more! Interested in joining our discord? Send us a message and we will send you an invite. Our discord is full of dedicated investors ready to help you on your million dollar journey.  - - We are based in the greater Los Angeles area and hope to build a solid cryptocurrency community within our own. Join our community to learn about us, how we started The Master Nodes, and why we started The Master Nodes.   - - If you have any questions DM us or comment on any of our social platforms.  Instagram- @Themasternodes  Twitter- @Themasternodes Facebook- @Themasternodes  Tik Tok- @Themasternodes