@rezoanulvibesOnNoiseApp 9 December 2022

2# The Fed interest rates hit hard in the market. They keep raising interest rates and people move from risk-on assets to risk-off assets. They are trying to reduce the inflation rate which was a record high. We may not see positive change in the crypto market as well as the stock market unless macroeconomic factors change. Due to macroeconomic factors and the crypto bear market, Bybit decides to slash 30% of its workforce. In a bull market, crypto exchanges had to expand their operations to meet the demand and support their business. Now in order to survive their business, they have to make tough decisions. According to Bybit, they position themselves in a better way so that they can navigate this bear market and face challenges. They will continue their operation, and everything remains safe. They point out the crypto bear market for laying off their employees.