• About
  • Contact Us
Friday, August 12, 2022
Cryptos Newz
  • Home
  • News

    Breaking: Boeing Is Said Close To Issuing 737 Max Warning After Crash

    BREAKING: 189 people on downed Lion Air flight, ministry says

    Crashed Lion Air Jet Had Faulty Speed Readings on Last 4 Flights

    Police Officers From The K9 Unit During A Operation To Find Victims

    People Tiring of Demonstration, Except Protesters in Jakarta

    Limited underwater visibility hampers search for flight JT610

    Trending Tags

    • Commentary
    • Featured
    • Event
    • Editorial
    • Altcoin News
    • Bitcoin News
    • Blockchain News
    • Cryptocurrency News
    • Ethereum News
    • Business
  • Write For Us
  • Press Release
  • Web Stories
  • Legal Information
    • Affiliate Disclosure
    • DMCA Compliance
    • Privacy Policy
    • Contact Us
Cryptos Newz
  • Home
  • News

    Breaking: Boeing Is Said Close To Issuing 737 Max Warning After Crash

    BREAKING: 189 people on downed Lion Air flight, ministry says

    Crashed Lion Air Jet Had Faulty Speed Readings on Last 4 Flights

    Police Officers From The K9 Unit During A Operation To Find Victims

    People Tiring of Demonstration, Except Protesters in Jakarta

    Limited underwater visibility hampers search for flight JT610

    Trending Tags

    • Commentary
    • Featured
    • Event
    • Editorial
    • Altcoin News
    • Bitcoin News
    • Blockchain News
    • Cryptocurrency News
    • Ethereum News
    • Business
  • Write For Us
  • Press Release
  • Web Stories
  • Legal Information
    • Affiliate Disclosure
    • DMCA Compliance
    • Privacy Policy
    • Contact Us
No Result
View All Result
Cryptos Newz
No Result
View All Result
Home Bitcoin News

Crypto Winter To Continue For 3 Months & More, Bitcoin Price May Drop Below $20K

Crptoz by Crptoz
May 22, 2022
in Bitcoin News
0
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

READ ALSO

Crypto Exchange Hotbit Suspends Service After Law Enforcement Freezes Its Funds, Subpoenas Senior Managers – Exchanges Bitcoin News

Ethereum Classic Hits 4-Month High as Merge Approaches – Decrypt


Speaking on “Morning with Maria”, Kavita Gupta, founder of Delta Blockchain Fund, says that “we are seeing the biggest drop in the crypto market in a long time” as prices have “fallen” from all-time highs. And she also believes that “a crypto winter is here” as bitcoin is trading below $30,000.

Gupta further points to the falling price of bitcoin as “a crypto winter is here”. While the price of Bitcoin and Ethereum is trading at almost half of their higher value.

Furthermore Gupta cautions that the crypto market is currently experiencing a “correction” from its “crazy speculative high”, and it looks like it is going to stay.

Bitwise Asset Management CIO Matt Hogan argued that the markets are experiencing significant volatility in the near term.

And all risk assets, including bitcoin, are experiencing a macro-driven risk revaluation. He further cautioned about crypto volatility being around for the next few months.

In addition, Varney & Co also warns about the volatility of the crypto market for the next three to six months.

Varney & Co. also believes that the long-term outlook for bitcoin is very strong.

According to recent reports, Bitcoin has dropped to $25,000, its lowest since December 2020, then bounced back over $30,000 while experiencing a lot of volatility.

Proving its volatility yet again, the crypto traded just below $30,000, down from an all-time high of over $68,000 in November 2021.

Furthermore, in an interview with Bloomberg Technology, Gupta said, due to the effects of the crypto winter, the price of bitcoin could drop to $14,000, along with a drop in the price of Ethereum.

She also gives a positive note on bitcoin’s highs, saying, “Bitcoin is still hitting another new high in more than a year, despite the crypto winter.”

Believing that market correction and more companies using bitcoin on their balance sheets will provide an opportunity for more bitcoin adoption. As a result of which bitcoin attains the price of another new high.

Further speaking on the collapse of TeraUSD, Gupta said that this collapse will affect the next move of the stablecoin market, which aims to be tied to another crypto and stay away from fiat to avoid Tier’s fate.

Was this writing helpful?


Related Posts

Bitcoin News

Crypto Exchange Hotbit Suspends Service After Law Enforcement Freezes Its Funds, Subpoenas Senior Managers – Exchanges Bitcoin News

August 12, 2022
Bitcoin News

Ethereum Classic Hits 4-Month High as Merge Approaches – Decrypt

August 12, 2022
Bitcoin News

Web2 Social Media Sucks. Can Web3 Break the Disillusionment?

August 12, 2022
Bitcoin News

NFT Heists: Are Recent Attacks the First of Many to Come?

August 12, 2022
Bitcoin News

World’s Largest Asset Manager Blackrock Launches Bitcoin Private Trust Citing ‘Substantial Interest’ From Clients – Featured Bitcoin News

August 12, 2022
Bitcoin News

Bitcoin: Is $25,000 the next supply level for BTC holders

August 12, 2022
Next Post

Do Kwon Responds to Terra's Singapore Move, Clarifies Rumours

Leave a Reply Cancel reply

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

POPULAR NEWS

Man Who Broke into Terra Founder’s House Was Crypto Investor Who Lost 3 Billion Won

May 16, 2022

Dock Launches Ambassador Program – Press release Bitcoin News

January 17, 2022

When SHIB? Robinhood CBO States They Seek Compliant Ways to Increase Crypto Offering

February 9, 2022

Why You Should Stack Sats To Celebrate Father’s Day

June 19, 2022

Ted Cruz: Texas Should Be “Ground Zero” for Crypto Industry

March 3, 2022

EDITOR'S PICK

What are Cardano’s prospects after the first network upgrade for 2022?

March 3, 2022

European Banking Authority is Concerned About The Lack Of Crypto Experts

July 28, 2022

Dogecoin Sees Buying Power from Whales as Price Awaits Next Move

May 23, 2022

Love it or hate it, crypto’s vibe shift is now imminent

March 26, 2022

About

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Check our landing page for details.

Follow us

Categories

  • Altcoin News
  • Bitcoin News
  • Blockchain News
  • Business
  • Cryptocurrency News
  • Ethereum News
  • How To Buy Crypto
  • News
  • Uncategorized

Recent Posts

  • Crypto Exchange Hotbit Suspends Service After Law Enforcement Freezes Its Funds, Subpoenas Senior Managers – Exchanges Bitcoin News
  • Ethereum Classic Hits 4-Month High as Merge Approaches – Decrypt
  • Web2 Social Media Sucks. Can Web3 Break the Disillusionment?
  • NFT Heists: Are Recent Attacks the First of Many to Come?
  • Home
  • News
  • Write For Us
  • Press Release
  • Web Stories
  • Legal Information

© 2022 CryptosNewz - Premium Cryptocurrency News Blog CryptosNewz.

No Result
View All Result
  • Home
  • News
    • Altcoin News
    • Bitcoin News
    • Blockchain News
    • Cryptocurrency News
    • Ethereum News
    • Business
  • Write For Us
  • Press Release
  • Web Stories
  • Legal Information
    • Affiliate Disclosure
    • DMCA Compliance
    • Privacy Policy
    • Contact Us

© 2022 CryptosNewz - Premium Cryptocurrency News Blog CryptosNewz.