Zero Bullish Catalysts For Cardano, Solana, XRP As Bitcoin Risks Crashing To $12,000

Deur ZyCrypto - 1 jaar gelede - Leestyd: 2 minute

Zero Bullish Catalysts For Cardano, Solana, XRP As Bitcoin Risks Crashing To $12,000

Die kripto-markte is al weke lank reeksgebonde, ondanks relatief aantreklike pryse, aangesien ekonomiese kommer voortduur. Donderdag het die markte weer teruggetrek en die winste wat die afgelope paar dae gemaak is, uitgewis.

Bitcoin Retreats Below $20k, Dragging Major Alts Along

Ten spyte van 'n bietjie bullish druk oor die naweek, het die kriptomarkte Donderdag gedaal. Die markte beweeg steeds in 'n reeks in die lig van ekonomiese kommer en regulatoriese onsekerheid.

The number one digital asset by market cap, Bitcoin again slipped onder die $20k prysvlak, gedaal met 6% en verhandel rondom die $19,186 8.45 pryspunt. Ethereum, sy naaste mededinger vir oorheersing, het die afgelope 24 uur met 1025% gedaal en verhandel rondom die $XNUMX XNUMX-pryspunt.

Ander groot altcoins soos Cardano (ADA), Solana (SOL) en XRP verhandel meer as 10% laer met geen duidelike bullish impuls op die horison nie.

Notably, while some analysts believe that the bottom may be in for Bitcoin as it continues to trade within the tight range formed in mid-May, the markets appear to be lacking a catalyst to sustain a push to the upside. On the other hand, veteran trader Peter Brandt believes the markets can go even lower.

Soos gerapporteer deur ZyCrypto, die gesoute handelaar dink 'n 80% prysdaling (tot ongeveer $12k) vir die vierde keer sedert 2011 is nie ter sprake nie. Net so, in 'n tweet, het die handelaar ook beklemtoon dat Ethereum 'n dalende driehoekpatroon vorm wat die bate laer kan laat breek.

Crypto Firms Are Downsizing And Bitcoin Miners Are Selling

Terwyl die markkorreksie voortduur, om verliese te hanteer en gereed te maak vir die 'kripto-winter', moes kripto-firmas personeel besnoei. Gemini en Coinbase is van die groot name wat planne aangekondig het om af te skaal in die lig van die onstuimige ekonomiese klimaat.

Net so, Bitcoin miners with a reputation for ‘hodling’ a majority of their mined Bitcoin word gedwing om te verkoop, adding to the bearish pressure in the market. Consequently, mined Bitcoin flow to exchanges has reached January record highs.

However, it is not all gloom and doom for Bitcoin despite all of these. It is worth noting that Bitcoin ETFs have continued to see inflows in the last couple of weeks, with inflows last week totaling $129 million, a sign that investors still see some upside for the nascent market. Moreover, investment bank, JPMorgan, believes that BTC is currently undervalued, with crypto markets, in general, having more room for an upswing.

Oorspronklike bron: ZyCrypto