Crypto has plunged very low. It approached an untouchable status. Everybody sold. The headlines are explaining it all.
Headline:
Bitcoin Settles in Calm Before Possible US Inflation Storm
Bloomberg.com
Inflation has been deemed a trickle down effect of the COVID-19 pandemic. Fresh volatility possibly, in turn, deserves some fresh investments.
Bloomberg.com
Inflation has been deemed a trickle down effect of the COVID-19 pandemic. Fresh volatility possibly, in turn, deserves some fresh investments.
At the time of this posting, cryptocurrency held at about $19,500, in Asian trading, small changes of the day. This is on the back end of a drop of 11% from the end of last week.
Inflation could drop the currently strong Dollar, and make Crypto stand up. The American Dollar ran side by side with the Euro.
Current crypto standings are about to jump.
Crypto standings- 7/2022- $906 billion, decreased from, $3 trillion 11/2021, market value.
Other current Crypto news shows the cold side of severe market changes.
Headline:
Current crypto standings are about to jump.
Crypto standings- 7/2022- $906 billion, decreased from, $3 trillion 11/2021, market value.
Other current Crypto news shows the cold side of severe market changes.
Headline:
Crypto Winter Watch: All The Big Layoffs, Record Withdrawals And Bankruptcies Sparked By The $2 Trillion Crash.
"Crypto winter forced once high-flying firms into bankruptcy and pushed investors into panic-selling mode."
The results: losses of trillions of dollars in market value, billions of dollars in frozen funds and thousands of jobs.
The Federal Reserve curbed rising inflation by hiking interest rates. Investors are depressed. $3 trillion in November 2021, and currently, $920 billion. That's a tactical 60% drop this year. Following this market declines, cryptocurrency companies have laid off more than 2,000 workers in less than five weeks. Joblessness is increasing.
Investors fled cryptocurrency investment funds at a record pace. Bitcoin plunged to an 18-month low last month. Outflows totaled $423 million in the week of June 17. “Extreme market conditions,” crypto lender Celsius became the first major platform to pause withdrawals and transfers between customer accounts on June 13. Others followed suit: Babel Finance, CoinFLEX and Voyager all froze withdrawals.
Cryptocurrency investment risks are very high.
On June 29, a British Virgin Islands court reportedly ordered 3AC to liquidate its assets, insolvency, Chapter 11. Voyager itself filed for bankruptcy on July 5. Celsius, Chapter 11 bankruptcy on July 13. It listed assets between $1 billion and $10 billion, liabilities in the same range, and dozens of loans for millions of dollars, via Invictus Capital.
This is a complicated point.
Headline:
Headline:
Technical Analysis
coindesk.com
Bitcoin has reached breakeven for the week, invalidating a major bearish technical setup. A bearish but historically contrary indicator suggests an end to the market decline and a bullish revival ahead..
Bitcoin has reached breakeven for the week, invalidating a major bearish technical setup. A bearish but historically contrary indicator suggests an end to the market decline and a bullish revival ahead..
BTC's current price range remains intact after several weeks of negative returns.
The headlines are endless on the cyber news front. As of 7/18/22, Ethereum has reversed it's course ever so slightly.
The Crypto ride hasn't been closed. All riders, hands in the car.
The headlines are endless on the cyber news front. As of 7/18/22, Ethereum has reversed it's course ever so slightly.
The Crypto ride hasn't been closed. All riders, hands in the car.
Have fun.
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