Lessons In The Bitcoin Price Bear Market



This is an opinion editorial by Stephan Livera, host of the “Stephan Livera Podcast” and managing director of Swan Bitcoin International.

Some newer Bitcoiners could be upset about what’s gone on lately, especially if they were expecting very high highs for bitcoin or no large drawdowns. It seems like in the last few weeks, it has become evident that this is, in fact, a bear/sideways market.

From peak to trough, we’ve seen a 75% drop from $69,000 to around $17,600. We’ve seen a “crypto contagion” of sorts, with the blow-up of the Luna/UST ponzi, the liquidation of Three Arrows Capital (3AC) and other “crypto” market participants undergoing stress, such as Celsius stopping withdrawals and other entities having exposure to 3AC (e.g., Voyager, BlockFi).





Source link

Stay in the Loop

Get the daily email from CryptoNews that makes reading the news actually enjoyable. Join our mailing list to stay in the loop to stay informed, for free.

Latest stories

- Advertisement - spot_img

You might also like...