Whether Bitcoin is climbing to new highs or falling in price, its fluctuations are closely scrutinized by an army of experts who try to predict the trajectory of the most popular cryptocurrency. While the crypto sector faces a real “bloodbath” for two months, disoriented investors are counting on oracles. Changpeng Zhao, the founder of Binance, a shopping and exchange platform with more than 120 million customers worldwide, is one of the most listened to. According to his assessment, the currency, whose price has decreased by about 20 thousand dollars, will take “several years” to return to the mark of 60 thousand dollars.
The crisis of the last weeks was marked by two painful episodes. the first sharp drop in the price of nearly all cryptocurrencies in May, before bitcoin’s brief break below the psychological $20,000 mark on June 19, more than ever before. eighteen months. Lack of liquidity, suspicions of insolvency of major companies in the sector, first layoffs within large groups that were growing rapidly… The climate is particularly gloomy. However, there are warning signs of all these major fluctuations that you should know how to spot. Here are the main ones.
Source: Le Figaro
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.