Monday, June 5, 2023
No Result
View All Result
Crypeto News
Smarter_way_USA
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Blockchain
    • Ethereum
    • Altcoin
    • Mining
    • Crypto Exchanges
  • NFT
  • DeFi
  • Web3
  • Metaverse
  • Analysis
  • Regulations
  • Scam Alert
  • Videos
CRYPTO MARKETCAP
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Blockchain
    • Ethereum
    • Altcoin
    • Mining
    • Crypto Exchanges
  • NFT
  • DeFi
  • Web3
  • Metaverse
  • Analysis
  • Regulations
  • Scam Alert
  • Videos
CRYPTO MARKETCAP
Crypeto News
No Result
View All Result

Bitcoin Takes A Blow After It Falls Below $22,000, Any Chances For A Bull Run

by crypetonews
September 13, 2022
in Crypto Exchanges
Reading Time: 3 mins read
0 0
A A
0
Home Crypto Exchanges
Share on FacebookShare on Twitter


The performance of Bitcoin recently has not been entirely on the commendable side. Compared with the price trend for the past few years, BTC has not made an impressive move in 2022. Instead, the token has been held bound in a bearish grip that no one expected.

With the extreme crypto winter in the first half of the year, the entire market has been on edge. The collapse of the algorithmic stablecoin Terra and its ecosystem created a more devastating blow to the price of Bitcoin. BTC lost over half of its value with the crypto market, and its market cap went down.

But the year’s second half brought a slight hope for the world’s leading cryptocurrency. The price of Bitcoin started slightly changing as the token surged gradually. The performance was still cut short as the bears took over the market again.

BTC Hovers Around the $19K Level

Bitcoin plummets by 9% on the chart l Source: BTCUSDT on TradingView.com

Due to the crypto market, Bitcoin, which once hit a new ATH of $25,200, later went down. The decline in the price followed a gradual downtrend till it dropped.

This was after it plummeted to around $18,556 the previous day. This drastic drop marked a new two-month lowest point for BTC. At the time of the press, BTC is trading at $20,186, indicating more than a 9% increase within the past 24 hours.

Bitcoin Yet To Show Strong Rally

Despite these actions, Bitcoin has yet to receive a notable recommendation from many industry participants. Some crypto analysts still doubt that the token will sustain or even get higher from its current position. They believe that a more bullish trend would be quite tricky.

In a telegram message, the director of blockchain markets research at Quantum Economics, Alexandre Lores, declared his stance on BTC. Lores stated a general hostility from the present macroeconomic factors on all risk assets. With the situation, Bitcoin is not exempted from the influence.

Also, he reiterated that the other contributory influencers on the BTC price market include the Russian-Ukraine war and the force from Europe and US ESG. Additionally, the Federal Reserve’s stance on interest rates and post-COVID effects are part of the influencers.

For Oanda’s senior market analyst, Craig Erlam, there shouldn’t be any further need to predict future price rises. Instead, the analyst maintained that the central focus is the possibility of getting a spiral in the BTC price pattern. He cited a similar outplay in the past when Bitcoin took a positive turn in 2020.

Activities in the equity markets are showing impressive reclaims as of Wednesday. The markets recorded up to a 2% increase for tech stocks such as S&P 500 and Nasdaq.

Featured Image From zipmex, Charts From TradingView.com



Source link

Tags: BitcoinBlowBullChancesFallsRunTakes
Previous Post

Enterprise Blockchain Redux – Web3 Labs : ethereum

Next Post

ETC Group To Retain Ethereum PoW Hard Fork For ETP

Related Posts

Nexo (NEXO) Price Prediction 2023 2024 2025 2026
Crypto Exchanges

Nexo (NEXO) Price Prediction 2023 2024 2025 2026

June 5, 2023
Gala (GALA) Price Prediction 2023 2024 2025 2026
Crypto Exchanges

Gala (GALA) Price Prediction 2023 2024 2025 2026

June 5, 2023
Reserve Rights (RSR) Price Prediction 2023 2024 2025 2026
Crypto Exchanges

Reserve Rights (RSR) Price Prediction 2023 2024 2025 2026

June 5, 2023
Will BTC Price Hit ATH in 2023? Analyst Predicts Timeline For Bitcoin Bull Run
Crypto Exchanges

Will BTC Price Hit ATH in 2023? Analyst Predicts Timeline For Bitcoin Bull Run

June 4, 2023
As DigiToads is On Track to Raise $5 Million in Presale, Aave and Polkadot Struggle for New Investors
Crypto Exchanges

As DigiToads is On Track to Raise $5 Million in Presale, Aave and Polkadot Struggle for New Investors

June 3, 2023
Experts Believe Ripple Vs SEC Lawsuit Will End In June
Crypto Exchanges

Experts Believe Ripple Vs SEC Lawsuit Will End In June

June 3, 2023
Next Post
ETC Group To Retain Ethereum PoW Hard Fork For ETP

ETC Group To Retain Ethereum PoW Hard Fork For ETP

Bitcoin Struggles Following Inflation Report; California Crypto Bill Is an Overstep, Say Legal Experts

Bitcoin Struggles Following Inflation Report; California Crypto Bill Is an Overstep, Say Legal Experts

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

Dogecoin (DOGE) Daily Transactions Spike 8,220% in May, According to IntoTheBlock
Altcoin

Dogecoin (DOGE) Daily Transactions Spike 8,220% in May, According to IntoTheBlock

by crypetonews
June 1, 2023
0

New data from the market intelligence platform IntoTheBlock reveals that the daily number of transactions over Dogecoin (DOGE) significantly spiked...

The Craziest NFT Rug Pull

The Craziest NFT Rug Pull

June 5, 2023
Wall Street Meme Raises $1 Million In Presale – Next 100x Crypto?

Wall Street Meme Raises $1 Million In Presale – Next 100x Crypto?

May 30, 2023
Voltage Partners With Google Cloud To Expand Lightning Network Solutions Globally

Voltage Partners With Google Cloud To Expand Lightning Network Solutions Globally

June 2, 2023
Famous Trader Talks About a Major Bitcoin Signal Nobody Has Noticed Yet

Famous Trader Talks About a Major Bitcoin Signal Nobody Has Noticed Yet

May 30, 2023
Apple, Meta Fight for The Killer XR Device

Apple, Meta Fight for The Killer XR Device

May 30, 2023
  • Trending
  • Comments
  • Latest
146 Top Executives Urge Biden to Prevent US Default — Warns of ‘Disastrous Consequences’

146 Top Executives Urge Biden to Prevent US Default — Warns of ‘Disastrous Consequences’

May 17, 2023
What is the Erigon Node Consensus Layer?

What is the Erigon Node Consensus Layer?

February 15, 2023
Secured #5: Public Vulnerability Disclosures Update

Secured #5: Public Vulnerability Disclosures Update

May 3, 2023
Exchange Giant Coinbase Adds Custody Support for 14 Ethereum (ETH)-Based Altcoins, Spurring Rallies Up to 20%

Exchange Giant Coinbase Adds Custody Support for 14 Ethereum (ETH)-Based Altcoins, Spurring Rallies Up to 20%

October 27, 2022
3 Things We Learned at Tornado Cash Dev Alexey Pertsev’s Trial – CoinDesk : ethereum

3 Things We Learned at Tornado Cash Dev Alexey Pertsev’s Trial – CoinDesk : ethereum

November 23, 2022
Crypto Whales Spend Millions Buying the Dip on PEPE As Prices Drop: On-Chain Data

Crypto Whales Spend Millions Buying the Dip on PEPE As Prices Drop: On-Chain Data

May 12, 2023
PEPE Crypto Price News Today – Technical Analysis and Elliott Wave Analysis and Price Prediction!

PEPE Crypto Price News Today – Technical Analysis and Elliott Wave Analysis and Price Prediction!

24
BITCOIN: CRASH TO $24,000 GUARANTEED!?!?!?!? 3 HUGE REASONS!! BTC + Crypto Price Prediction Analysis

BITCOIN: CRASH TO $24,000 GUARANTEED!?!?!?!? 3 HUGE REASONS!! BTC + Crypto Price Prediction Analysis

20
Ending Logan Paul's Biggest Scam

Ending Logan Paul's Biggest Scam

40
⚠️*HUGEEE*⚠️ IT'S MAKE OR BREAK FOR BITCOIN !⚠️Crypto BTC Price Prediction/Cryptocurrency News Today

⚠️*HUGEEE*⚠️ IT'S MAKE OR BREAK FOR BITCOIN !⚠️Crypto BTC Price Prediction/Cryptocurrency News Today

24
I ATTENDED A 3 HR 'CRYPTO SCAM' WEBINAR | WFABB iGenius

I ATTENDED A 3 HR 'CRYPTO SCAM' WEBINAR | WFABB iGenius

38
Our INSANE XRP Prediction (CZ & Binance In HOT WATER)

Our INSANE XRP Prediction (CZ & Binance In HOT WATER)

21
Here’s Why LUNC’s Price Could Cross $0.00015 Soon

Here’s Why LUNC’s Price Could Cross $0.00015 Soon

June 5, 2023
Optimism $OP ‘Bedrock’ Upgrade to Speed Confirmations, Cut Gas Fees, Set Path to ‘Superchain’

Optimism $OP ‘Bedrock’ Upgrade to Speed Confirmations, Cut Gas Fees, Set Path to ‘Superchain’

June 5, 2023
Bitcoin 2023 Was A Demonstration Of The Bitcoin Community’s Resilience And Optimism

Bitcoin 2023 Was A Demonstration Of The Bitcoin Community’s Resilience And Optimism

June 5, 2023
Crypto Advocates Fight To Remove ‘Unlawful’ Sanctions On Tornado Cash

Crypto Advocates Fight To Remove ‘Unlawful’ Sanctions On Tornado Cash

June 5, 2023
Market Outlook #223 – An Altcoin Trader’s Blog

Market Outlook #223 – An Altcoin Trader’s Blog

June 5, 2023
Smithsonian picks architect for $130m Bezos Learning Center on Washington, DC’s National Mall

Smithsonian picks architect for $130m Bezos Learning Center on Washington, DC’s National Mall

June 5, 2023
Crypeto News

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at Crypeto News.

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • Mining
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Videos
  • Web3

LATEST UPDATES

  • Here’s Why LUNC’s Price Could Cross $0.00015 Soon
  • Optimism $OP ‘Bedrock’ Upgrade to Speed Confirmations, Cut Gas Fees, Set Path to ‘Superchain’
  • Bitcoin 2023 Was A Demonstration Of The Bitcoin Community’s Resilience And Optimism
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 Crypeto News.
Crypeto News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Blockchain
    • Ethereum
    • Altcoin
    • Mining
    • Crypto Exchanges
  • NFT
  • DeFi
  • Web3
  • Metaverse
  • Analysis
  • Regulations
  • Scam Alert
  • Videos

Copyright © 2022 Crypeto News.
Crypeto News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In