Wednesday, June 29, 2022

When Will Crypto Market Recover

The Elon Musk Effect Still Has An Outsized Influence On Crypto Markets

Bitcoin ‘Whales’ jump back into market as crypto prices recover

The fact that he was able to rock the crypto market so dramatically is indicative of crypto’s weakness. Your Bitcoin portfolio might end-up being your winning lottery ticket, and it might ultimately skyrocket in value and make all your dreams come true, but it’s still a very vulnerable investment.

But, even with high volatility and flaky price movements, cryptoand Bitcoin, in particular, seems to have an unshakeable base of old-school supporters: Clearly, some people are attracted to for philosophical reasons, Eaton-Cardone explained. They’re libertarian-minded and have a copy of Atlas Shrugged on their coffee table.

For them, it’s as much a moral investment as a financial one. Not unlike the people who’ve turned to crypto because of dissatisfaction with government rules, regulations and fiscal policy, they’re going to give crypto every benefit of the doubt, she said. Therefore, Elon Musk might have the power to rock the crypto market with a single Tweet, but ironically, it’s his ultra-affluent, tech-loving acolytes, admirers and contemporaries who’ve given crypto a significant built-in basement.

Bull Market Vs Bear Market

Before we delve into what happened to the cryptocurrency market in the last few weeks and months, its important to note that this is just what the crypto market does. It goes up and down in waves and only looking at the bigger picture of more than a year shows which market cycle we are currently in. Thats right, the crypto market recognizes two market cycles: The bull market and the bear market.

A bull market takes place when the investments are generally on the rise. There may be some hiccups along the way, but were observing a general upward trend thats a bull market. A bear market is the exact opposite of that and represents a time when securities fall for a prolonged period of time.

Many investment experts agree that we have been in the midst of the bull market for quite some time now. The majority of 2021 consisted of the bull market. Now, with the current crash, some analysts are saying that the bull market is over for good at least until the next cycle. As Opeoluwa Dapo-Thomas, a market analyst, said to NairaMetrics: Im afraid the bull market has come to an abrupt end. Key support levels broken, a trillion dollars wiped off the entire crypto market value.

How Was The Year 2021 For Cryptocurrencies

In the grand scheme of things, bitcoin had a surprisingly great year. Since the beginning of 2021, the virtual currency has increased by about seventy percent, bringing the total worth of the cryptocurrency market to two trillion USD.

It has been a year marked by the emergence of the first significant cryptocurrency business, Coinbase, in April 2021, growing involvement from Wall Street banks such as Goldman Sachs, and the authorization of the initial bitcoin marketplace funds across the U.S.

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Defi Use Cases Are Still Growing

Beyond media narratives and die-hard crypto devotees, the DeFi movement of the last year has increased the role of another important influencing factor on crypto prices: use cases. Last year, the so-called ‘DeFi summer’ saw the growth of decentralized lending platforms, liquidity protocols, data oracles, exchanges and more.

While these projects have been growing, Defi is still incredibly new. Dr. Klaus Kursawe, Blockchain Researcher at Vega Protocol, told Finance Magnates that: The entire field of DeFi projects is so novel that it should not surprise anyone that teething problems hit individual projects, or the entire infrastructure, that requires constant improvements and added resilience.

Even though we can build on a vast body of research, the impact of DeFi applications, be it requirements for speed and throughput, scalability, cost-efficiency, or economic factors such as fair business models for miners and the management of MEV , have been evolving over a rather short time, he said.

As such, None of these issues are a fundamental roadblock though, and forward-looking projects are addressing them already.

Rising Inflation And The Global Spread Of The Omicron Variant Of Covid

Crypto Market Why Analyst Says Bitcoin Price Likely to ...

The cryptocurrency market crashed further on Monday, with Bitcoin falling below $33,500.

The worlds largest cryptocurrency has lost almost a quarter of its value over the last four days, and other coins have suffered similar losses.

Ethereum has dipped below $2,200 after losing more than 12 per cent of its value in the last 24 hours.

Cardano is now below $1, XRP has dropped below $0.60 and Shiba Inu has fallen to $0.00019.

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Live: The Crypto Market Will Recover From The Crash

The crypto market has been down from last weeks crash however there are several factors that hint to the fact that Bitcoin & the Crypto Market will recover! Many speculators believe that we have entered into a bear market however Connor will explain in this livestream why the highest probability outcome for what comes next in crypto is consolidation, then a huge market rally to new highs! Connor will also be going over critical crypto news, technical analysis, and upcoming opportunities to capitalize on! When the crypto market crashes it is easy to lose faith and let fear take over, however the most profitable investors understand that when the market crashes the best opportunities present themselves! Watch this livestream to learn more!

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How To Recover $100 Billion In Lost Crypto Wallets

KeychainX AG is a Swiss based crypto recovery company helping people access lost crypto since 2017. The company also has a patent pending keyless crypto wallet based on geographical and bio metrics using social recovery.

Robert Rhodin is the CEO of KeychainX. He recently joined the Bitcoin.com News Podcast to talk about the possibilities of recovering $100 billion in lost crypto wallets, as well as best security practices, dangerous hacks, bugs and much more.

KeychainX, it is a cryptocurrency wallet recovery service operating since 2017. The company recovered wallet keys for many clients from all over the world and you can see some of their raving reviews on Trustpilot where KeychainX has an almost perfect 4.9 Excellent score.

To learn more about the company visit KeychainX.io or just send an email to if you need to talk about password recovery.

This is a sponsored podcast. Learn how to reach our audience here. Read disclaimer below.

Bitcoin.com is the premier source for everything crypto-related.Contact to talk about press releases, sponsored posts, podcasts and other options.

Image Credits: Shutterstock, Pixabay, Wiki Commons

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Investors May Be Buying Up Their Favourite Coins At A Discount

Peter Jensen, CEO at RocketFuel Blockchain, pointed out to Finance Magnates that many crypto investors see price drops as a positive thing, if nothing else, these dips are an opportunity to buy more of the coins that they love.

Indeed, this appeared to be happening at the moment of press time, in the list of top ten cryptocurrencies by market cap, the seven-day prices of large-cap altcoins were down double-digits, while 24-hour prices were flashing green. This is an indication that investors have started to buy up their favorite coins at lower prices.

The dip-buying has shown that large investors remain confident of the long-term bullish prospects of cryptocurrencies. Recent statistics from IntoTheBlock have shown that the number of addresses holding Bitcoin for over a year has increased by 120,000 from 21.81 million to 21.93 million. Appetite is growing.

Therefore, Jensen said, its not so much about if altcoins are in danger of further dips so much as its about investors having the tolerance to handle continued fluctuation and unpredictability.

When Will Cryptocurrency Recover And What Keeps It From Recovering

Crypto Market Recovery!? HUGE NEWS & WHALES MOVES

Although, even now, we are still far from all-around adoption, the discourse of major financial institutions implies that cryptocurrencies will be gradually accepted as a fully legal alternative to money: digital, safe, and overseen by central institutions.

Still, theres some uncertainty that is heated up by the on-going court case against Ripple. If the SEC wins the case, the whole cryptocurrency ecosystem will suffer a serious blow. If Ripple takes the upper hand, all the prices will likely skyrocket. It would also be great to see some regulationnot restriction!in the domain of cryptocurrencies. Until then, the uncertainty keeps major investors and solo professionals from supporting the projects they would otherwise back up without a second thought.

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Why Is $40000 Important

There’s a certain psychology behind the $40,000 mark, which Bitcoin hasn’t hit since September 2021. Bloomberg Intelligences Mike McGlone said $40,000 is an important technical support level for the digital token,

The largest cryptocurrency by market value approached $40,000 for the first time since late September.

Dipping below $40,000 could trigger a major sell off, but could also lead to greater purchasing. The future of the market can never be 100% predicted.

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Which Cryptocurrencies Have Risen In Value

The price of Bitcoin is up by 7.68% over the past 24 hours, according to Coinmarketcap.

It’s currently sitting at a value of $54, but still below highs of $64,000 in April.

The second biggest cryptocurrency Ethereum has also risen in value in the last 24 hours and so have other popular coins like Dogecoin and XRP.

Ethereum is up by about 3.58%, trading at $3,565.32 at the time of writing, while Dogecoin is up 3.86% at $0.2586.

Dogecoin’s rival, Shiba Inu, is also up 22.28% at $0.00002391.

It comes after a series of hammer blows to a number of coins since they peaked in April this year.

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When Will Crypto Recover: Historical Breakdown And Prospects

When bitcoin reached its all time high in 2017 and the markets entered a long cooldown period afterwards, traders and investors had started to worry and ask around, When will crypto recover?

Back then, it wasnt necessary to make any distinction between bitcoin and any other crypto currency on the market. Bitcoin had the highest market capitalization at the time whatever happened to it, happened to the crypto market at large.

With a short delay, the pattern of the ether price repeated that of bitcoin. There were the periods when the price movements were almost identical. It was correct to assert that the answer to the, When will crypto market recover?, question was directly related to the fate of bitcoin.

2017 was such a huge breakthrough because Securities and Exchange Commission and Commodity Futures Trading Commission representatives had started to reluctantlyacknowledge its existence as a new kind of asset that would probably need its own method of regulation.

But immediately after the optimistic rise, normalization followed. The deep dive of bitcoin in 2018 correlated to its periodic mining reward halvenings .

What is the state of affairs in 2021 though?

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    Global Crypto Market Finally Enters Recovery Mode as ...

    “In this murky world, where the use case of crypto currencies is far from proven, traders should only dabble with money they can afford to lose.

    Laith Khalaf, financial analyst at AJ Bell, added: “The difficulty with crypto is that the possible outcomes are extreme – either high loss or high return.

    He added: “The difficulty is crypto offers little or no economic value in the here and now, and an extremely unpredictable value in the future, as its long term adoption by businesses and consumers is uncertain, to say the least.”

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    Will Bitcoin Go Up If The Stock Market Crashes

    Not necessarily. Supporters of bitcoin see it as a diversifier in balanced portfolios, but it did no better than stocks at the start of the coronavirus pandemic. This is because investors panic-sold everything.

    In the first two weeks of March 2020, bitcoin went down over 40%.

    That was when we saw all equity markets take an aggressive leg down because of concerns about Covid-19, notes Rosie Bullard, partner and portfolio manager at James Hambro & Partners.

    So it wasnt exactly a store of value in an equity market reversal.

    If you look back to March of last year when we saw the market collapse, you didnt see bitcoin suddenly rally in that period.

    Rosie Bullard, partner and portfolio manager at James Hambro & Partners

    That said, how crypto assets perform during stock market falls will depend on why financial markets have collapsed.

    If it were an inflationary shock, such as we saw in 1974, most bitcoin investors believe it would provide protection.

    If you want to read more about the alternatives to bitcoin, check out are article here.

    When Will Crypto Recover Wait Which Crypto Exactly

    Do you remember how we talked about the coins that have a strong character and resist the swings of the market? Polkadot is an example of such a coin. In the first week of April 2021, despite the general bearish mood of the market, it stubbornlykept its value while, say, both BTC and ENJ fell. It tells something about its value for users, right? By the way, Chainlink held its positions, too.

    Every coin has its own price pattern. The prediction concerning the time it starts gaining value will be maximally precise if that pattern, the nature of the project that the coin represents, and the changes of the market in general are taken into consideration.

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    What Has Tesla Done With Its Bitcoin Holding

    Meanwhile, its worth remembering Tesla is still in possession of its Bitcoin holdings, despite its environmental concerns, as confirmed by Elon Musk on Twitter.

    In response to criticism of Bitcoins drop in price, Musk said: To clarify speculation, Tesla has not sold any Bitcoin.

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    Cryptocurrency Market January 24 202: Ada Bnb Sol Doge And Xrp Prices

    How to recover from a market crash | Crypto and stock crash

    Cardano has gained bearish momentum below $1.10. It even surged below $1.00 before staging a recovery wave. The price is back above $1.00 but it is facing resistance near $1.12.

    Binance Coin settled below $400 and tested $350. If there is a recovery wave, the previous supports near $385 and $400 could act as strong hurdles. On the upside, the main support lies at $350.

    Solana is still down almost 6% and it closes below $100 daily. If the bears remain active, a drop to the $75 level is possible. The next major support is near the $66 level.

    DOGE is struggling to stay above $0.135. If there is a clear downside break, a drop to $0.120 is possible. The next major support is near $0.105.

    XRP price is consolidating near the $0.60 level. Immediate support is near the $0.580 level. The next key support is near $0.550, below it there is a risk of a sharp drop towards $0.50.

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    Atom Avax Ftm And Dot

    Cosmos , an interoperable blockchain ecosystem, came in sixth place, followed by Avalanche , a layer-1 smart contract platform, and Fantom, an enterprise-grade blockchain platform .

    Polkadot , a cross-chain interoperability protocol, and Chainlink, a decentralised oracle network, round out the top ten.

    DOT is trading at $18.67 up by 5.2% in the last 24 hours. The resistance is at $19 and the support is at $17.4.

    Mortiz Seibert, a quant analyst and hedge fund CEO, co-created the Real Vision Bot as a tool to get alerts and evaluate trader sentiment from consumers of the financial information platform Real Vision.

    The bot has a astonishing track record, according to Real Vision, surpassing the aggregated bucket of top 20 cryptos by more than 20% solely by surveying trader preferences.

    Remember That Volatility Is The Name Of The Game

    Cryptocurrency is volatile by nature. Because crypto generates no cash flow, traders have to rely on changes in sentiment to drive the price. That means the market can swing between rabid optimism, as it did in early 2021, to pessimistic despair, as it did a few months later. The furor around the Coinbase IPO in 2021 helped drive positive sentiment to crypto, while the reduction in monetary stimulus drove pessimism at the end of 2021 and start of 2022.

    So when you have an asset thats driven by sentiment, you have to realize that the emotions of traders propel the market. Thats true in the case of stocks, too, but they also may have a real stream of growing cash flows from their issuing company to accelerate them higher.

    This volatility is exactly what draws professional traders, who use high-powered algorithms to make sophisticated trades, something that mom and pop traders dont typically have the advantage of utilizing. Traders like volatility since it gives them a chance to make money thats Wall Streets game.

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    Why Are They Up

    It’s not clear what has caused Bitcoin’s, and other coins’, spike in value – proving the volatility of digital currencies.

    The coins suffered earlier this year after they were hit by other market forces and tougher regulation.

    Most recently, stock markets dived as investors sold off a large number of assets in a short amount of time, which affected cryptocurrencies too.

    Earlier this year, the Met Police also seized nearly £180million in the largest-ever cryptocurrency raid in the UK.

    Meanwhile, the worlds biggest cryptocurrency exchange, Binance, was banned from operating in the UK by the financial watchdog in June.

    While Brits can still buy and trade coins on the platform, it means Binance is no longer allowed to “undertake any regulated activity” in the UK.

    China is also getting tough on cryptocurrency mining – the energy intensive method of creating new coins.

    A number of authorities across the country have ordered crypto-mining projects to close – including the Sichuan province.

    Iran has banned the mining of cryptocurrencies including Bitcoin for nearly four months because the country faces major blackouts and mining uses lots of power.

    Meanwhile, poster adverts for cryptocurrency platform Luno have been banned for failing to mention the risk of Bitcoin investments.

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