When should crypto go back up?

Bitcoin is as likely to rise as it falls. Based on its past patterns, it is likely to rise again, however, it could fall even below its current price. The investment information provided on this page is for educational purposes only. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell stocks, securities, or other particular investments.

These are some of the factors that could help the cryptocurrency market find a flat. Crypto bank Celsius abruptly halted its withdrawals in recent weeks due to “extreme conditions” in the market, and cryptocurrency hedge fund Three Arrows Capital could be in the process of being liquidated. The recent surge in cryptocurrencies in mid-July, together with other positive economic indicators that could indicate a slow downmarket turn, could indicate a recovery in cryptocurrencies on the horizon. And since the decline in cryptocurrencies is related to these types of macroeconomic factors, cryptocurrencies could, in fact, already be in the early stages of recovery.

Reconsider what would be most comfortable for you in the future, such as allocating less money to cryptocurrencies in the future or diversifying through cryptocurrency-related stocks and blockchain funds instead of buying cryptocurrency directly (although you should still expect volatility when markets of cryptocurrencies fluctuate). The co-founder of the automated cryptocurrency trading platform Coinrule, Oleg Giberstein, believes that cryptocurrencies are suffering the same tensions as other parts of the economy, leading to falling prices. If there are signs that the economy and inflation are being controlled, that could help the crypto market find its bottom, according to Vijay Ayyar, vice president of corporate and international development at cryptocurrency exchange Luno. So why are cryptocurrencies crashing? It is important to remember that in this last cycle, crypto assets are not alone.

Alexander Osario
Alexander Osario

Total twitter fanatic. Devoted tv trailblazer. Extreme pop culture ninja. Lifelong internet buff. Hardcore sushi expert. Hardcore music buff.

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