MeInvestors are thinking Ethereum (ETH-USD) Thursday price forecasts to deal with the ongoing cryptocurrency crash.
Even major players like ETH Vulnerable to crashes. Cryptocurrencies have recently lost value as most of the market continues to decline.At the time of writing this article, Ethereum is trading at about $ 2,000 per token.. This is the highest price since July 2021.
Investors wondering what caused a cryptocurrency crash can point out several different causes. One example is the ongoing economic pressure. This is due to rising interest rates, rising inflation, the story of the recession, and the war between Russia and Ukraine.
It’s understandable that traders want to know where the crypto is heading in the aftermath of a recent crash.
Will cryptocurrencies recover?
The news raises speculation as to whether the market has reached an expected cooling period called “crypto winter” or a more permanent chill that could be called “crypto ice age”. I did.
“Bitcoin has fallen for the first time since July last year, falling below $ 30,000, but the fall hasn’t triggered a big sell and the price is about to regain $ 30,000 at the Tokyo session on Thursday.” Yuya HasegawaCrypto Market Analyst BitbankWritten in an email memo that Forbes saw.
One factor that can give hope to crypto investors is that big players are starting to join the party.
JPMorgan Chase, Morgan StanleyWhen Goldman Sachs It is one of the Wall Street companies that has its own cryptocurrency team.On the other hand, mainstream hedge funds Alan Howard When Paul Tudor Jones We are pouring billions of dollars into digital currencies.
Some of the provisions of Queen’s speech It targets people who use crypto assets to commit fraud, but little is said about how to protect those who choose to invest in them.
Regulatory swat may send cryptocurrencies even lower, but quick decisions may retain the inherent value that exists.
The future is uncertain. It seems possible to have either a short winter vacation or a breakthrough ice age. No individual currency or platform can withstand it.