Cryptocurrency has been rocked by a $2 trillion crash, even the best known token, Bitcoin, has stumbled. But some market watchers fear it has further to fall.
These fluctuations in the price of cryptocurrencies could threaten the stability of the world’s financial systems – at a time when many are struggling to recover from the economic turmoil caused by the pandemic. But what’s behind this year’s crypto crash?
GUESTS:
Max Engelen
Head of sales at CryptoCompare
Vicky Pryce
Chief Economic Adviser to the Centre for Economics and Business Research
Brad Yasar
Cryptocurrency Advisor
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5 Comments
If you have to ask, you'll never know.
<I respect your work mate. TA Is all well and good but I find it truly baffling that all major crypto youtubers just look at pure TA and completely Ignore the bigger narrative of why BTC is dumping and why the future outlook might not be as rosy as it seems. It's kinda Irresponsible to ignore the fact that each ETF launch so far has caused a major dump at the peaks of BTC.. We were already on shaky footing with historically low volume and almost pure whale pumps, narrowly avoiding a long-term bear market.This is the worst possible time in history to invest as so many don't back up their crypto assets…more emphasis should be put into day tradiing as it is less affected by the unpredictable nature of the market. I have made over 7 btc from day tradng with Wim Steven , insights and signals In less than 3 weeks, this is one of the best medium to backup your assets incase it goes bearish..
what is the best way to make money from the financial markets currently?
what is the best way to make money from the financial markets currently?
Love the passion you have for your charts. <This is exactly right thank you for making this video.. <At $21K BTC, if you believe that the downside risk is $10K and the upside potential is $250K, then at these prices there is a .5X downside and 12.5X upside. <The price action provides some long awaited relief to bulls, but Bitcoin is far from out of the woods at the start of what promises to be an interesting tradiing week. <Given the severely negative performance in Q2, it is unsurprising that a relief bounce has occurred. I believe the market will continue range-bound over the coming months, I still believe the most likely outcome is a range between $20-30K through at least the next several months, so while a bounce from here might take us to around $30K I don’t see it as anything to get overexcited about quite yet. <While some experts are confident, that Bitcoin will soon reach the $30,000 benchmark, others are not so hopeful and expect it to slide down further from its current position…But whatever you lose in a macro downtrend, you'll gain multiples back in a macro uptrend. <All you have to do is pay attention to the markets when they are ultra bearish. Everyone was super bullish on the markets, but now the markets start to correct, and the fear takes over, as retail trader at these volatile times I keep profiting regardless using accurate trade signals from Marcus Benedict my portfolio have been on a rise although the rates are capricious wiping out some of my profits i still have about 2.61' btc! worth of crypto assets. <There might be so many investments out there but if profits must be considered, which is actually the sole aim of every Investment then I’ll advice you to go into crypto tradiing because it has higher profit returns. You can reach out to Jane Marcus on his personal handle via <ͲeIєɠɾαm @ marcusBfx_official ** for any crypto related issues.