WHERE IS THE CRYPTO MARKET HEADED?





โ–ถ Coinbase Website: Coinbase.com
โ–ถ CEX Website: cex.io

WHERE IS THE CRYPTO MARKET HEADED?

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Where is the crypto market headed? Are we headed on a long bear market / crypto winter or are we headed into a super cycle?
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#StockSmarts #CryptoWinter #SuperCycle
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Bitcoin is closing out a rough month, with January declines putting the digital coin on pace for its worst start to a year since the dawn of the 2018 โ€œcrypto winter.โ€

The largest cryptocurrency by market value has notched only 11 up days this month, according to data compiled by Bloomberg, meaning that itโ€™s spent 65% of the month mired in a decline. Other digital assets have also suffered, with No. 2 token Ether down roughly 30% since the end of December.

Bitcoin dipped to as low as $33,000 in January from a record of almost $69,000 less than three months ago amid a broader selloff in risk assets on growing conviction that the Federal Reserve will soon raise rates as it ratchets back its ultra-accommodative policy settings. The plunge has hit all corners of the crypto ecosystem, from Bitcoin and memecoins to publicly-listed crypto exchanges and miners.

Crypto is a very volatile asset class โ€” and I hope that everyone participating in that market is aware of the volatility potential, Troy Gayeski, chief market strategist at FS Investments, said by phone. Itโ€™s a much trickier environment than it was six months ago, 12 months ago,

โ–ถ Coinbase Website: Coinbase.com
โ–ถ CEX Website: cex.io



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