2022-07-14 20:02:20
What's going on with Bitcoin?
In the last few weeks, Bitcoin has been trading between $17,000 and $23,000. As Bitcoin has fallen nearly 70% from its all-time highs, and the worst may be still yet to come, it is important to remember that Bitcoin does not exist in a vacuum. Over the years, we have heard many times that crypto has died. Somehow all these reports have all been greatly exaggerated.
Bear market cycles take time, and it's too soon to predict when and how this one will end.
In January, more than $1 trillion was wiped out from the crypto market, the second-largest loss ever. Two historic crypto crashes have occurred just in the past few months, suggesting a significant shift in the power and structure of crypto is underway. There is a possibility that the changes which we’ve seen in the cryptocurrency markets over the recent months are just a sample of what is to come for traditional financial markets.
Despite the economic hardships, bank crackdowns and crypto players' giving up on the "to the moon" trip, people are still saying "HODL." So one thing is for sure:
Bitcoin is here to stay. Furthermore, some asset management experts note that the next six to twelve months will provide the right opportunity to get into Bitcoin. So DYOR (do your own research), and after you've
decided to purchase Bitcoin, easily exchange fiat to BTC on the Cryptology exchange.
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