Bitcoin ‘Back With A Vengeance’ – Crypto Liquidity Crisis Is Over, Citi Report Suggests

By Bitcoinist - 1 کال دمخه - د لوستلو وخت: 3 دقیقې
لمر ، جولای 24 ، 2022 3:30 سهار

Bitcoin ‘Back With A Vengeance’ – Crypto Liquidity Crisis Is Over, Citi Report Suggests

Bitcoin could be getting the kick out of the sea of green flashing on most crypto exchanges’ screens these days. The proverbial massive ice in the crypto winter may now be thawing, and soon everything will be okay – at least that’s what a major American multinational investment bank is saying in its latest findings.

Multiple indicators show that the liquidity crisis in the broader cryptocurrency markets may have seen the worst. This is the conclusion suggested by Citi Bank, in its latest study.

Since its November peak last year, Bitcoin’s value has decreased by more than half, causing the whole cryptocurrency market to plummet.

Both Terra (LUNA) and TerraUSD (UST) have witnessed precipitous drops, including Bitcoin, that have alarmed a great number of investors.

چا به وړاندوینه کړې وي کله چې دواړه کریپټو اسعارو یوه میاشت دمخه په خپل غوره حالت کې و ، نو دوی به دومره دردناک حادثه تجربه کړي؟

وړاندیز شوی لوستل | د کریپټو پرچون غوښتنې وده کوي ، JPMorgan وايي - ساحل روښانه دی؟

Bitcoin Feeling The Pain Disappear

Investors withdrew their funds from the crypto market as a result, causing Tether (USDT) to lose its peg to the dollar and forcing some of the largest bitcoin companies to lay off a significant number of employees.

د نړۍ په کچه اقتصادي پایلو ستونزه لاپسې لاپسې زیاته کړه، چې په پایله کې یې د ټکن قیمتونه کم شول او د مایعاتو کمښت. په هرصورت، اوس ډیری نښې نښانې شتون لري چې بدترین برخه پای ته رسیدلې.

Citi believes crypto markets are too small and relatively isolated to create a ripple effect on the financial sector or the economy as a whole, but they can nevertheless influence investor mood. The bank’s assessment indicates that fears of contagion have likely reached its pinnacle, at least temporarily.

مالي شنونکو پدې وروستیو کې CNBC ته وویل چې دوی د متحده ایالاتو په پراخه اقتصاد باندې د کریپټو بشپړ اغیزې په اړه اندیښمن ندي د دې حقیقت له امله چې کریپټو د پور سره تړاو نلري.

د ټورنټو پوهنتون د اقتصاد پوه جوشوا ګانس په وینا:

"خلک په ندرت سره په ریښتینې نړۍ کې د مکلفیتونو لپاره د تضمین په توګه کریپټو کاروي. پرته له دې، دا یوازې د کاغذ ضایع دي. له همدې امله، دا مسله د اقتصادي اندیښنو په لیست کې ټیټه ده."

“Stablecoin and ETF outflows have begun to exhibit indications of stabilization, and Coinbase’s discount has also returned to normal,” the Citi report says.

Bitcoin’s Resilient Nature

د متحده ایالاتو د ونډو بازار د 990 ټریلیون ډالرو په پرتله په 34 ملیارد ډالرو کې ، کریپټو خورا کوچنی پاتې دی چې د پام وړ په مالي بازارونو اغیزه وکړي ، د Citi تحلیل په ګوته کوي.

This assessment is comparable to that of Diego Vera of Buda.com, who stated that Bitcoin has seen numerous cycles in the past and has always rebounded “with a vengeance.”

د دې لیکنې په څیر ، Bitcoin is currently trading at $22,774.66, up 8% in the last seven days, data by Coingecko show.

Bitcoin Can Still Hit $100K

Those who believe Bitcoin will crash to $10,000 this year are on the extreme end of the crypto-skeptic spectrum; nevertheless, many other market observers have forecast that the world’s most sought-after crypto can still reach the vaunted $100,000 mark in the coming years, albeit at a slower rate.

Meanwhile, Sam Bankman-Fried, CEO of FTX, concedes that the catastrophe was “considerably worse” than he anticipated.

According to a July 7 Reuters report, the 30-year-old billionaire feels the worst of the liquidity turmoil has dissipated despite the ongoing crypto winter.

وړاندیز شوی لوستل | د کالیفورنیا د سیاستوالو په ټاکنو کې د ګټلو چانس ته وده ورکولو لپاره کریپټو بسپنه

اصلي سرچینه: Bitcoinده