cryptocurrency

When will the cryptocurrency market end? Analysts weigh

What should happen to cryptocurrencies The market finally hit rock bottom?

When will cryptocurrency finally end its destruction?

This is a question that rings in the ears and minds of analysts and industry heads everywhere, and the feeling is that there must be a few things. The first is to improve the macroeconomic factors. Things like inflation must recede, and the economy and stock market also need to show signs of reforming themselves quickly.

Analysts also say that there must be specific trading patterns in the game if the crypto space is to improve. Finally, our recent purge should ensure that all bad actors and weak cryptors leave the conflict permanently. They stated that these entities are working to shrink the entire space and prevent it from reaching the appropriate prevailing level.

Over the past six months, the cryptocurrency space has suffered like never before. The digital currency arena has lost more than $2 trillion in valuation, while assets like bitcoin – the world’s number one digital currency by market capitalization – have lost about 70 percent of their value. The coin traded at a new all-time high of around $68,000 per unit in November of last year, although at the time of writing, it was only struggling to maintain a position of $19,000 or $20,000.

CK Zheng, co-founder of crypto hedge fund ZX Squared, offered his thoughts on the market, claiming:

I think if inflation is under control, the economy is under control, [then] There is no really severe recession.

Inflation in the US, for example, is now 40 years old High 9.1 percentwhile companies like Bank of America have a long time sound the alarm stagnant.

Vijay Ayar – Vice President of Corporate Development at Crypto Exchange Luno – also threw his two cents into the mix, commenting:

If we see signs this month or even over the next few months, it will give the market more confidence that the bottom is in all risky assets including stocks and cryptocurrencies.

The Fed can’t raise rates anymore

James Butterville – head of research at Coin Shares – said a weak economic outlook ahead could prevent the Federal Reserve from raising interest rates, which could eventually lead to a recovery in bitcoin and other forms of cryptocurrency in the coming months. He said:

Shift in Fed Policy and Post Peak for DXY [dollar index] It will also help establish real ground. We think this is likely to happen at the Jackson Hole meeting at the end of the summer.

The crypto space has also been marred by many crypto companies that have collapsed or entered bankruptcy proceedings. Some of the companies moving in this direction include Three Arrows Capital, Voyager Digital, and Celsius.

Tags: analyzers, down, encryption

#cryptocurrency #market #Analysts #weigh

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