Cryptocurrencies Prices Are Falling | btc ethereum solana shiba inu Prices are falling know why
Channel: ASONS Telemedia
Date: 03/07/2022

Hey guys in this video i have talked about the reasons why btc , etherium , solana, shiba inu and other cryptocurrencies prices are falling.


Cryptocurrency markets crashed to a new low of 2022 in June. The global crypto market cap shrunk below $1 trillion to $977 billion. The global cryptocurrency market cap has fallen by over $2 trillion after touching the $3 trillion mark in November last year. The price of almost every top coin is now worth half or even less than their all-time highs. 

Ethereum has fallen to its lowest level in more than 14 months, trading around $1155. Solana has fallen by more than 15% and is hovering around the $27 mark, according to bitcoins4cards.com data at the time of writing. 


#btc 
#ethereum 
#solana 
#shibainu 

btc 
etherium 
solana 
shiba inu

Know Why Cryptocurrencies Prices Are Falling | btc ethereum solana shiba inu Prices are falling


BITCOIN fell below $20,000 on Wednesday after the release of June’s inflation data, which signaled that prices of everyday items continue to rise.

“Bitcoin is holding above the $19,000 level as traders digest a very hot inflation report and shifting Fed rate hike and cut expectations,” says Edward Moya, a senior market analyst at foreign-exchange brokerage Oanda.​ “The Fed might need to consider a full point rate hike at the end of the month and they could be eyeing rate cuts at some point next year. ​ Bitcoin remains a risky asset that could benefit from a Wall Street that is confident they have fully priced in Fed tightening.”

The leading crypto has been trading in a relatively tight range between $17,000 and $21,000 over the last few weeks as crypto and stock markets struggle to regain any notable upward momentum following several red-hot inflation reports and Federal Reserve’s decision to raise interest rates. Experts also point to the continuous war in Ukraine and inflation hitting a fresh 40-year high for why we’re seeing slumping prices in the stock and crypto markets.


The crypto market has been increasingly tracking the stock market lately, which makes it even more intertwined with macroeconomic factors, experts say. Ethereum has followed a similar pattern. And it could get uglier now that bitcoin’s price has dipped below $20,000 again, according to Moya.
“Bitcoin tentatively fell below $18,000 but has pared losses as buyers start to emerge,” Moya says. “How low bitcoin goes depends on whether the stock market made a bottom and if no major crypto company falls into liquidation.”




Experts say that the crypto price plunge indicate a falling risk appetite of investors. They are clearly wary of risky assets. With all its uncertainties and volatilities, crypto is considered as one of the most volatile instruments for investment purpose. 

“The crypto market has been under pressure from the Federal Reserve, hiking the interest rates to combat inflation over the past few months. Bitcoin, Ethereum, and most cryptocurrencies suffered losses over the weekend after a broad sell-off following the data showing US inflation hitting a 40-year high,” said  Edul Patel Co-Founder and CEO of crypto investment platform


Several other crypto companies have faced liquidity crunches recently. For instance, the run on money at crypto lender Celsius, which paused customer withdrawals earlier this month because of “extreme market conditions.” Celsius has kept customer withdrawals and transfers frozen since June 13, at risk of insolvency.


In 2022, investors are in a risk-off mood, embracing “a general flight to safety across the board in most asset classes,” said Alex Reffett, co-founder of wealth management firm East Paces Group. “Collectively, investors have shown more interest in value-based investments and less in speculative stocks and alternative ‘store of value’ investments.”


“We have no historical precedent for how Bitcoin and other cryptos might act if we enter a sustained period when central banks actively drain liquidity,” said Interactive Brokers’ chief strategist Steve Sosnick. “Those tend to be difficult times for investors, and riskier assets tend to underperform safer ones.”

Dissimilar : This video is made for informational purpose only and the information provided in this video are based on results found on web.