Crypto winter 2022: Here’s what crypto industry veterans expect
Industry executives predict that the next Bitcoin bull run is likely to happen in 2024 or early 2025, tied to Bitcoin’s fourth halving. As the total cryptocurrency market capitalization dipped below $2 trillion last week, major crypto executives have been increasingly talking about a potential continuous bear market or a “crypto winter.”Contrary to the expectations of many in the crypto market, Bitcoin (BTC) failed to surge above $68,000 in 2021 and continued dropping below $40,000 in early 2022, causing significant losses for big crypto investors such as MicroStrategy.However, a possible....
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Here’s what industry insiders foresee in the development of the blockchain and crypto space in 2022. Sandra Ro of Global Blockchain Business CouncilSandra is CEO of the Global Blockchain Business Council, an industry association for the blockchain technology ecosystem.“In 2022, it will be ‘corporate career risk’ to not have a baseline understanding of cryptocurrencies and blockchain technology. From bankers to corporate executives to politicians, it is imperative that they get on board and seriously consider the implications of blockchain.Further, 2022 winners will ‘expect the....
The wave of the crypto winter in the first half of 2022 was quite devastating. The price drop in almost all the cryptocurrencies brought down the value of the market by more than 50%. The losses were considerably massive that many investors and even miners resorted to selling off holdings to wane off the effect. […]
During the winter, Voyager Digital fell due to its outstanding liquidity issues. As a result, the firm filed for Chapter 11 bankruptcy in July to assist it with the situation after halting withdrawals on its platform. The crypto winter for 2022 was a drastic one that tumbled almost all the cryptocurrencies. Coupled with the collapse […]
Established stablecoin trading pairs have struggled to keep stable at crypto exchanges around the world. Here are the updates as the situation evolves. The crypto winter could be claiming more casualties among the stablecoin camp. The depegging of TerraUSD (UST) on May 10 triggered market selloffs, and now Tether (USDT) appears to be losing its footing. It has slipped against the U.S. dollar.The algorithmic stablecoin UST, as the name implies, is algorithmically backed. Terra (LUNA), the ecosystem's corresponding token, sank over 95% since May 10, while UST continues to languish around the....
Calling a market bottom is impossible, but traders can use these five indicators to get an early signal of when a bear market is close to ending. The bull market is gone and the reality of a long crypto winter is surely giving traders a bad case of the shivers. Bitcoin’s (BTC) price has fallen to lows not even the bears expected, and some investors are likely scratching their heads and wondering how BTC will come back from this epic decline. Prices are dropping daily, and the current question on everyone’s mind is: “when will the market bottom and how long will the bear market last?”While....