The downward trend with which cryptocurrencies began in 2022 continues to evolve, news that many crypto investors are not very optimistic about, but they still keep their tokens, Visit Website.
The traditional financial market has shown a negative impact on technology stocks, which could undoubtedly be reflected in DIGITAL CURRENCIES.
Remember that the cryptographic market works 365 days a year; it is a digital financial market that fluctuates 24 hours a day. Therefore, for many, it is pretty beneficial when operating since they are not limited to limited operating hours.
Statistically, Bitcoin Has Not Fallen Drastically.
The global scenario evident in the cryptocurrency market has been quite complex since it reached quite interesting historical highs and generated significant returns for its users.
What no one expected is that the trend would last for so long; that is where the external factors of the traditional market have undoubtedly influenced the crypto market, such as inflation, which has also developed at the same time.
An economy that could be considered nothing encouraging, only that for digital currencies it is different; this is a phase of the cryptographic cycle, only that for many staying in a recession phase has not been beneficial at all.
The drop in the price of Bitcoin could be between 40% of its price, which, compared to other cryptocurrencies, is a margin adapted to what the leading currency in the digital market represents.
A changing economy that is not expected to improve in a few months, even with measures including economic and monetary policies that are expected to take effect and war in full swing, is not the best scenario.
The fall of Luna meant a blow to the ecosystem of digital currencies, which contributed to an even more significant drop; to date, some cryptocurrencies have decreased more than 60% of their valuation at the beginning of the year.
For many investors, the fact that Bitcoin touched almost 70,000 dollars last year and this year has not seen positive operations can mean two things: the trend will continue for a few more months while the US economy stabilizes or develops the change in direction. You can then see your long-awaited profits. The evolution of Bitcoin can be found in the Bitcoin-Prime trading system.
Confidence Is Shaken
Cryptocurrencies base their evolution on price thanks to the trust and support given by their users since it is a decentralized market where no entity can support and control the operation of digital currencies.
This downward trend has not only occurred in 2022; it is a cyclical stage that, as mentioned, originates from time to time in the cryptocurrency market, so everything is a matter of time.
It may be that many users, faced with the constant decline, have begun to sell their Bitcoin units or other digital currencies as a precautionary measure or even in the face of the anxiety of the variations of digital currencies.
This excess supply has not contributed to the stabilization of prices either. Without waiting for many may be a hasty decision because the forecasts have not been wrong on previous occasions, and this may not be the exception.
Many traders have considered the possibility of acquiring more units of Bitcoin since its price has decreased. A change in trend would be pretty favorable; nobody imagines the benefits of digital currencies in a bullish stage.
It may be that for now, the trend is constant, or the prices remain low; what is a fact is that it will not take long for history to change, and prices will skyrocket.
The stored cryptocurrencies will represent many reaching an estimated value of 80,000 dollars per unit. Unfortunately, this fortune took almost eight months to arrive.
The fall of Terra-Luna and the intense investigations that are beginning to emerge against the creator of Terraform Labs, Do Kwon, has not benefited the cryptographic investment scenario either, which has prompted the need to regulate transactions with digital currencies in various countries.
Unfortunately, this Saturday, they again experienced a drop in their value between 2 and 9%. However, it is still the response to an economy drastically affected by macroeconomic indicators.
Conclusion
Macroeconomic factors, although crucial in the development of the traditional economy, have impacted the digital financial ecosystem but do not affect the concept offered by digital currencies; they are considered external factors that, in one way or another, affect the development of the valuation of digital assets.
