Here are the two main reasons for the decline in cryptocurrencies

Here are the two main reasons for the decline in cryptocurrencies

Bitcoin, which lost 58 percent in the second quarter of 2022, recorded its worst quarterly performance since 2011. The decline in Bitcoin was also reflected in other cryptocurrencies. So, will Bitcoin continue to decline? Here is the answer.

Cryptocurrency market witnessed sharp declines as of 2022. Bitcoin lost 58 percent in the second quarter of 2022. The sharp declines in the overall market caused investors to leave the market. Well, everyone is wondering the answer to the following question: Will Bitcoin continue to decline? Here is the answer...

Crypto Technical Founder Oytun Es made a striking analysis of Bitcoin and cryptocurrencies: Es used the following statements:

Expectations are that the Fed rate hikes will continue. The Fed has a meeting in July. If the decision to come at the end of this month is 0.75 basis points again, we can see price fluctuations in Bitcoin for a while.

'CRYPTO MONEY WILL BE INTRODUCTION'

If the Fed's rate hikes will continue to suppress cryptocurrencies, the question may come to mind, will cryptocurrencies go towards zero. The Fed has moves. We are facing an almost out-of-control inflation. I argue that when the Fed is not successful in preventing inflation, there will be a serious inflow of money into cryptocurrencies.

ANSWER THE QUESTION THAT INVESTORS WANTED

In fact, we are talking about decentralization. If Bitcoin is so decentralized, it is asked why is it so affected by the developments in the world. It is necessary to give the answer there that we are technology centralized here. Pricing is not decentralized. As an ecosystem, we had a structure that was priced by our own internal dynamics. There is a miner's halving every 4 years. However, bearish markets in Bitcoin are shaped according to this schedule.

'NOTHING IS THE SAME IN BITCOIN'

First, we counted the macroeconomic developments in the world, but Bitcoin moves in a cycle. We also experienced a serious upward trend on the Bitcoin side. Bitcoin, which fell to $ 3 thousand 200 during the pandemic process, rose to $ 69 thousand. Other altcoins rose much harder. It had to have a cycle, that is, enter a bear market.

'WE ARE AT THE END OF PAST CYCLES'

If we look at the past, we see that Bitcoin, which rose up to $ 1,150, regressed to $ 170 in history. The same Bitcoin went from $170 to $20,000. The same Bitcoin managed to go to 69 thousand dollars. Bitcoin has been repeating these cycles in the past. I think it is at the end of the past loops.

The volatility on the Bitcoin side is gradually decreasing. There are serious investments that will potentially go in. As the market grows, I think the volatility here will decrease."