The Crypto Crisis is Not Over
Everyone expects strong price fluctuations in cryptocurrencies. If you think it is all up — you are wrong. However, experts agree that crypto will remain in place despite the crisis.
Cryptocurrencies, just like many assets, have been under pressure for months: Ukraine war, fears of recession, rising interest rates — in the course of the global downturn on the markets, virtual currencies are also on the decline.
Since the beginning of the year, Bitcoin, has lost almost 60 percent of its value, while the second largest cryptocurrency, Ethereum, has lost around 57 percent.
And it will lose more.
Maybe now.
Maybe in 12 months.
But not “never”.
There is one thing that is certain — it will drop more.
It will also go up 100%.
And then another 10%. And another 100%.
There is one thing that is certain — it will pump more.
In addition to the price slumps, there have also been payout stops, bankruptcies and employee layoffs on the crypto platforms in recent months. In mid-May this year, the crash of the Terra crypto project wiped out an estimated 50 billion dollars. And the US company Celsius Network had to file for bankruptcy in July, and the Berlin crypto platform Nuri at the beginning of August.
So, good luck everyone!
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