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HomeFCJune – July 2022 Cryptocurrency Market Review by Paydepot

June – July 2022 Cryptocurrency Market Review by Paydepot

Wilmington, Delaware, United States, 15th Jul 2022, The team of Paydepot, a Crypto ATMs Operator from the USA, shared their opinion on what was happening to the cryptocurrency market in June and what we can expect from July 2022.

May 2022 began with a Bitcoin crash that continued into June, and the rate has not recovered until now. This largest crypto crash has lasted since November 2021 – that’s when bitcoin peaked at $67500 according to statistics of Payperless – another crypto project in the US market. After reaching ATH (All Time High – the maximum historical value), the bitcoin market began a global bearish trend, which continues to this day.

The cryptocurrency market is cyclical – long-term bullish trends are replaced by bearish ones. Therefore, it’s too early to talk about a global panic in the cryptocurrency market. But the fundamentals suggest stagnation in the market and a temporary lack of interest from investors.

Reasons for Bitcoin Collapse

The crypto market is directly related to the classic exchange markets, which are controlled by the United States. The main reason for the collapse is the U.S. monetary policy.

On May 4 of this year, there was a sensational meeting of the U.S. Federal Reserve. The American regulator raised the key rate by 2 points – such information was known in advance, so many people were ready for it. The effect is simple – raising the rate in the USA makes dollar deposits at American banks profitable. Government bonds (bonds) begin to show high yields. Investors instantly start “pouring” money from gold and cryptocurrencies into the above assets.

Inflation in the U.S. and Europe has reached a critical scale, so the increased rate, as well as other regulatory methods, will be in effect for at least one year. In addition, the cryptocurrency world has not been decentralized enough. A huge aggregate volume of coins is owned by U.S. foundations and multinational corporations.

The wave of euphoria in the cryptocurrency market has ended, and investors have once again started to soberly assess cryptocurrencies. Fundamental investors have also shifted their gaze towards classic assets. Also, active participants in the cryptocurrency market are realizing the strong connection of cryptocurrencies and exchanges with U.S. regulators. The SEC and FinCEN are able to influence coin rates, as well as influence the internal policies of cryptocurrency exchanges.

Actions in the center of the Eurasian continent showed that some countries may be excluded from the cryptocurrency sphere. Cryptocurrency services began to block some foreign users and withdraw their funds. This chaotic behavior of cryptocurrency exchanges and regulators has also caused additional outflows of funds.

The principle of cyclicality suggests that the bullish trend is close, as key investors were able to take up positions by buying more depreciated cryptocurrencies.

What to expect in July 2022 from the bitcoin rate?

However, don’t underestimate cryptocurrency. It is already used as a means of payment in many countries. Blockchain allows you to run games, store NFTs, and take out cryptocurrency loans. Virtual coins are already firmly in the lives of many, their developers are constantly offering new solutions that aim to improve people’s lives. This means that soon the decline of cryptocurrency in the U.S. and other countries will come to an end and a new rally will begin.

In July, the U.S. Federal Reserve (Fed) is expected to increase the rate by another 75 basis points, against which the value of bitcoin may well collapse to $10,000.

While previously the Fed tried to avoid mentioning a possible recession, last week the head of the U.S. regulator Jerome Powell, speaking to Congress, was still forced to admit that it is quite possible in the current environment.

The current bitcoin price trend may continue in July and August 2022. Further unfavorable development of macroeconomic factors, bitcoin sales by miners, as well as problems of major players in the cryptocurrency market may provoke a further decline in bitcoin price. More information about bitcoin technologies you can find in this blog.

Media Contact

Organization: PayDepot

Contact Person: Paydepot Sales Department

Email: Send Email

Address 1: 3524 Silverside Road, Suite 35B, Wilmington, DE 19810-4929

Phone: 0018555586580

State: Delaware

City: Wilmington

Country: United States

Website: https://paydepot.com/

The post June – July 2022 Cryptocurrency Market Review by Paydepot appeared first on King Newswire.



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