The crypto markets experienced a large sell off this week mirroring the weakness in US equities with the S&P 500 having its worst days trading since the Aug. 5 market meltdown. 

All major cryptocurrencies are down across the board. Bitcoin and Ethereum are both down more than 9% on the 7 day chart. Glancing at the ETF flow chart, both BTC and ETH have experienced massive outflows this week with ETH outflows slowing down yesterday.

Fear and Greed Index is deep in Extreme Fear territory showing that there is a lot of uncertainty in the market right now.

All eyes are now on The Fed's ability to slow inflation without kicking us into a recession. Futures markets are convinced of at least a quarter-point rate cut on September 18, pricing around a 31% chance of a larger 50 basis point reduction according to the FedWatch Tool.

In positive news, the XPR Network has welcomed Rémy Chauveau, widely known as Rockerone, as the new Digital Adoption & Growth Manager. Rockerone brings a fresh vision for driving engagement and adoption across the XPR Network and Metal X ecosystems.

His strategic approach focuses on unifying content, expanding social media presence, and strengthening community and developer relations. Rockerone's leadership is expected to significantly boost the network's reach and bring new users and developers into the fold.

Given the recent market volatility and economic uncertainties, how are you feeling about the current crypto landscape?

Do you see this as an opportunity for long-term growth, or are you approaching it with caution in the short term?

Record your answer below.
A: Opportunity
B: Caution