By Bitcoin.com - 1 tausaga talu ai - Taimi Faitau: 3 minute
Crypto Market Turning Point — Tele Cryptocurrencies Pa'u 57% i luga 80% Mai Tau Maualuluga
Roughly six months ago, bitcoin and a number of digital assets reached all-time highs and the crypto economy crested above $3 trillion in value. Today is a different story as a great majority of cryptocurrencies are down between 57% to over 80% against the U.S. dollar.
E ui o Cryptos o loʻo i lalo mai le ATH, 2020 o loʻo i ai pea i le lanu meamata
On November 9, 2021, or 196 days ago, the crypto economy was valued at over $3 trillion, and today it’s worth roughly 56% less at $1.31 trillion. Six months ago, bitcoin (BTC) na pa'i i le maualuga o taimi uma (ATH) i le $69K i le iunite ma i aso nei, ua sili atu i le 57% i le tau USD.
Le aseta lona lua, ethereum (ETH), ua leiloa le 59.85% ina ua uma ona ausia le $4,847.57 i le eter i le ono masina talu ai. Le aseta crypto lona fa-tele BNB ua pa'u i lalo 52.65% ina ua uma ona ta $689 i le iunite. XRP e le o latalata i lona Ianuari 07, 2018 ATH le aseta numera tapped fa tausaga talu ai ina ua ausia le $3.40 i le tupe siliva. XRP o aso nei ua sili atu nai lo le 87% e faasaga i le tala Amerika mai lena taimi i le taimi.
Cardano (ADA) na lavea lona ATH iva masina talu ai ile $3.10 ile ADA ma i le taimi nei, ADA o loʻo paʻu i lalo 83.5% faʻasaga i le tala Amerika. Solana (SOL) na paʻi i lana ATH i le fitu masina talu ai ma ua paʻu i lalo 81.5% i le tau USD.
The tenth-largest crypto asset today, dogecoin (DOGE) is down 88.8% from the meme coin’s ATH a year ago. While prices are down since 2021’s high, crypto investors that purchased digital assets in 2020 have seen it their cryptocurrencies rise. For instance, the price of bitcoin (BTC) talu mai le 2020 o loʻo i luga 303.28% ma ethereum (ETH) e 465.70%.
The same can be said for many of the top coins today. Binance's BNB faʻailoga ua oso 173.53% i le lua tausaga ma cardano (ADA) is up 443.83%. Gains are even bigger for those who purchased crypto assets in 2017 as bitcoin (BTC) e 1,294.85% talu mai lena tausaga. Le tulaga lona lua o aseta crypto ethereum (ETH) ua maualuga 8,985.15% talu mai le 2017 faʻasaga i le tala Amerika.
XRP ua vaaia e le au umia le tele o tupe maua talu mai le 2017 e pei XRP ua si'itia lona tau ile 31,346.47% ile fa tausaga talu ai. 2017 o se taimi bullish mo crypto teu tupe e pei BTC na maua se tau maualuga i taimi uma i lena tausaga i le $ 20K i le iunite ma 2021 sa tutusa i tulaga o tau faʻatauga.
Fa'atasiga Malosi a Crypto ma Fa'asoa, 289-Day Bear Run, ma isi fa'asalaga
E talitonu le au fa'atautaiga o maketi o le tele o maketi o lo'o i lalo ole 9.5 masina. E le gata i lea, i taimi talu ai nei o cryptocurrencies fa'atasi ma maketi tutusa ma sili atu fa'apitoa fa'ailoga fa'atau e pei o Nasdaq 100 ma le S&P 500. O lona uiga e le muta le maketi o le crypto bear seiloga ua maeʻa le maketi o oloa.
Fa'ata'ita'iga a le Faletupe o Amerika talu ai nei auiliiliga ua fa'amauina e le S&P 500 le aofa'iga o le 19 fa'ata'amilosaga o maketi. O le averesi o le umi o ta'amilosaga ta'itasi e tusa ma le 289 aso ma le S&P 500's averesi pito i lalo e 37.3% maualalo nai lo le ATH.
If cryptocurrencies are to follow the pattern, it could mean the bearish sentiment could last another three months longer, if history repeats and digital assets continue to follow the current correlation with equities. Unfortunately for crypto investors, S&P 500’s average drop of 37.3% is nothing like the lows the crypto economy has seen during extreme capitulation. Three bitcoin (BTC) pito i lalo ua sili atu i le 80% maualalo nai lo le ATH na faʻamauina i le taimi o le taamilosaga povi.
E ui o aseta e sefulu pito i luga o le crypto ua paʻu i lalo 57% i luga atu o le 80% ua maeʻa, o tau e mafai ona sili atu le maualalo. Ose 80% toso mai BTCO le maualuga o le $69K e $13,800 i le iunite ma o le tipi i le 80% o le tau o le ATH o le a maua ai se tau e $970.
I le taimi nei, o aseta crypto pei BTC ma ETH are seemingly at a turning point that will take the value one of three ways. For example, the price of bitcoin could consolidate in this region for quite some time, the price could also rise again back into a bullish scenario, or the value drops even lower from here resulting in more capitulation.
O le a sou manatu e uiga i aseta crypto ua paʻu i lalo 57% i luga atu o le 80% maualalo nai lo latou tau maualuga? Faailoa mai ia i matou lou manatu e uiga i lenei mataupu i le vaega o faʻamatalaga o loʻo i lalo.
Punavai autu: Bitcoin.com