Bitcoin 'Toe Fo'i ma le tauimasui' – Crypto Liquidity Crisis Ua Uma, Citi Lipoti Fautuaina

By Bitcoinist - 1 tausaga talu ai - Taimi Faitau: 3 minute
Aso, Iulai 24, 2022 3:30 AM

Bitcoin 'Toe Fo'i ma le tauimasui' – Crypto Liquidity Crisis Ua Uma, Citi Lipoti Fautuaina

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.

O ai na fa'ailoaina a o'o i le tulaga sili ona lelei o tupe e lua i le masina talu ai, o le a latou o'o i se fa'alavelave tiga?

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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.

O aʻafiaga o le tamaoaiga i le lalolagi atoa na faʻateleina ai le faʻafitauli, ma iʻu ai i le faʻaitiitia o tau faʻailoga ma le paʻu o le suavai. Ae ui i lea, o loʻo i ai nei le tele o faʻamaoniga ua maeʻa le vaega sili ona leaga.

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.

Na taʻu atu e le au suʻesuʻe tupe talu ai nei i le CNBC latou te le popole e uiga i le aʻafiaga atoa o le crypto i luga o le lautele o le tamaoaiga o Amerika ona o le mea moni e le o fesoʻotaʻi le crypto i aitalafu.

E tusa ai ma se fai pisinisi mai le Iunivesite o Toronto, Joshua Gans:

"E seasea faʻaaogaina e tagata le crypto e fai ma faʻamaoniga mo noataga i le lalolagi moni. A aunoa ma lena, ua na o pepa gau. O le mea lea, o lenei mataupu e maualalo i le lisi o popolega tau tamaoaiga.

“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

I le $990 piliona pe a faatusatusa i le US share market's $34 trillion, o le crypto e tumau pea ona laʻititi e matua aʻafia ai maketi tau tupe, o le auiliiliga a Citi na faailoa mai.

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.”

E pei o lenei faiga tusitusia, 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.

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Punavai autu: Bitcoino