In 2018, the cryptocurrency world experienced a crypto winter that saw the value of assets fall below 70-95% of their original value. This period lasted from January 2018 to December 2020. Currently, the crypto market is experiencing another chilly winter with its devastating effects felt on the top market player – Bitcoin. Despite the adoption and market dominance enjoyed by BTC: it still felt the crippling power of the bearish market cycle. Various predictions and speculations by experts relying on past market cycles are all over the place. Related Reading: AVAX Sheds 50% Over The Last 60 Days – More Losses Ahead? With the last crypto winter lasting almost three years: investors and traders are puzzled about the length of this current bearish market trend. The crypto world is affected by the devastating effects of global players on the political scene. The Russia – Ukraine conflict has increased the pressure on cryptocurrency globally. Igor Zakharov, CEO of DBX digital ecosystem: notes that high inflation has spiked interest rates in the United States. The U.S is the biggest promoter of crypto and a dominant force. Shift Of BTC Holdings By Whales And Big players Data obtained from Coinbase Pro shows that the big institutional players have transferred large amounts of their BTC holdings. The BTC volume pegged at 48,000 BTC is worth roughly $940 million. These bitcoin assets; were removed from long-term holding positions with ...
$100k Just The Beginning For Bitcoin?
