The cryptocurrency crisis continues to worry investors. O Bitcoin, main digital currency on the market, recorded the worst quarter in its history since its inception in 2009. As June closes, we also had the worst month for Bitcoin, represented by a monthly drop of 37,9% and US quotation $20 mil.
Recent June surpassed last year's May, where the biggest drop was recorded: 35,4%. Although, the half-yearly analysis is also well below what is desired by the market and investors. Since March 2018 Bitcoin didn't have such a bad semester, this being the second worst in history.
Em 2018, crypto fell 58,40% e, today, the percentage came very close: 58,29%. In more specific numbers, This represents a drop in 71% in relation to your own reached peak, not total US$ 68,6 mil. In today's price, the digital currency is worth R$ 102,89 (sunday quote, is 04/07).
What is the reason for so much devaluation??
The daily price of Bitcoins has been showing fluctuations. However, forecasts are still not the most positive for the cryptocurrency scenario. The devaluation of cryptos is the consequence of several external factors, as well as the uncertainties and internal aggravations of the crypto market.
In the external scenario, the possible recession in the United States has weakened technology stocks. Already in the cryptocurrency market itself, different situations worsen devaluation, how the disappearance of crypto Earth (Luna), the crisis at Celsius and the market's own lack of liquidity.
Like this, Rumors of systemic risk have intensified in the same way that negative headlines involving cryptocurrencies continue to be released. Thursday, is 30, the world's largest asset manager, Grayscale Investment Sued the US Securities and Exchange Commission for Rejecting Bitcoin Cash Funds.
To Buy or Not to Buy Bitcoin?
With the devaluation of the currency, buying Bitcoin is seen as an opportunity for many investors. Nonetheless, with so much bad news, there is a strong appeal to avoid high investments, monitoring currency fluctuations over the next few months. Like this, avoid investing in an increasingly devalued currency.
InfoMoney economic experts speculate the possibility of Bitcoin continuing to fall until it reaches US$ 9 mil. This would be a risk to investors who buy and invest on a large scale at this time, because due to the scenario, the currency may still take time to stabilize.
Source: InfoMoney
