With Bitcoin still trading below $21,000 and the total crypto market cap under the key level of 1trillion USD, Crypto winter 2.0 is still in full force. A selloff in global risk assets combined with failures of key projects such as Terra Luna and concerns about crypto banks such as Celsius which halted withdrawals temporarily leads to questions on whether this could make investors turn their heads away from crypto.
The crypto markets’ bearish divergence is being exacerbated by macroeconomic factors such as rising inflation and the Federal Reserve’s expected interest rate hike.
Such plunges in crypto markets and in Bitcoin price aren’t unfamiliar for cryptocurrency veterans. During the previous crypto bear market which started at the end of 2017, we saw falls of up to 80-90% from record highs for blue-chip projects. The argument was being made that the crypto space is very different these days with a lot more market participants and that such extreme falls are unlikely, yet again we saw that the crypto selloff outpaced other risk assets.
Issues with the Cryptocurrency Market
Миналата седмица, the Nasdaq index, which is heavily weighted in tech firms, collapsed. Bitcoin and other cryptocurrencies have a strong correlation with stocks and other risky assets. When these indices fall, so do cryptocurrency prices.
Cryptocurrencies are collapsing.
Крипто пазарът е на ръба след колапса на така наречения изчислителен стейбълкойн terraUSD, или UST, и неговата братовчедка Луна в средата на май. Пазарът става все по-загрижен поради фалита на фирма за крипто финансиране, наречена Celsius. Заради настоящите пазарни условия, Celsius обяви, че всички изплащания, суапове, и преводите по акаунти ще бъдат спрени.
Въздействие на Целзий
Според Целзий, която твърди, че има 1.7 милиона потребители, използването на сайта може да ви помогне да спечелите 18% възвращаемост на вашата инвестиция. Celsius is a cryptocurrency deposit service that allows users to deposit cryptocurrency. The coin can then be borrowed by an institution or an investor. Като резултат, Celsius generates revenue for its consumers. The crypto market’s downturn, от друга страна, has damaged Celsius.
The value of Celsius’ own cryptocurrency, CEL, has decreased by more than half in comparison to the previous day. Общо взето, inflationary fears and interest rate hikes are putting pressure on the markets. The market has become so entangled with other interconnected protocols and businesses. Similar contagion phenomena in crypto could result in massive drops. He went on to say that in the medium and long term, everyone is expecting more negative news. We might see more incidents like the Terra’s collapse in low markets, which exposed vulnerabilities and overleveraged ventures.
Solana lawsuit
One of the most recent developments is that Solana is being sued in a class action. Твърдението е, че Solana е нерегистрирана централизирана сигурност. Това може да се дължи на факта, че фондацията Solana има огромно влияние върху конкурентната екосистема на Ethereum, което прави твърде труден случай, че Solana е децентрализирана. От друга страна, проект без централизирана поддръжка е малко вероятно да успее в дългосрочен план.
Този съдебен процес отново поражда опасения за крипто пространството, тъй като основата на индустрията е на ръба на закона – те твърдят, че нещо, което има всички аспекти на ценна книга, не е такава. Considering an asset as a security brings in a lot of compliance costs and issues and can prove very costly for a project. We will see whether this will affect Solana and its price.
Поради това, with the new crypto winter in full swing, it’s questionable when is a good time to consider potential investment, or whether you should consider it at all. Should you decide to go ahead, and you don’t have an account with an exchange, you can compare and find the best exchanges тук.
има голям шанс да реализирате печалби, независимо колко малка е вашата инвестиция в следващото Karolina Grabowska