Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Ethereum Forum => Ethereum News & Updates => Topic started by: Jaya60 on June 11, 2022, 05:45:29 PM
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Are we firmly in a Crypto Winter? It was another down week for the leading coins as regulators continued their scrutiny of the industry. Market leader Bitcoin weathered the storm better than most leading coins and declined just 3% in the last seven days. It trades for $28,733 at the time of writing.
Ethereum wasn’t as lucky. The No. 2 cryptocurrency by market capitalization fell 11% over the week and currently trades for $1,579. That was despite the long-awaited Ethereum "Merge" to proof-of-stake got one step closer to its expected August completion when the merge trial successfully went live on the Ropsten testnet on Wednesday.more (https://decrypt.co/102632/this-week-in-coins-bitcoin-ethereum-fall-even-after-ropsten-merge)
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Crypto winter continues to grow stronger. Bitcoin, like all altcoins, continues to fall. Now the price of bitcoin has dropped to $20,885, a 30 percent drop in the last week. Ethereum has fallen to $1,102, down 38 percent over the past week. But it seems that this is not the limit. It is predicted that the market may fall by another ten percent. In the summer, this is quite possible. Let's look forward to autumn. Usually at this time, the cryptocurrency market is alive.
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Crypto winter continues to grow stronger. Bitcoin, like all altcoins, continues to fall. Now the price of bitcoin has dropped to $20,885, a 30 percent drop in the last week. Ethereum has fallen to $1,102, down 38 percent over the past week. But it seems that this is not the limit. It is predicted that the market may fall by another ten percent. In the summer, this is quite possible. Let's look forward to autumn. Usually at this time, the cryptocurrency market is alive.
In the crypto-currency market, the crypto-winter has been going on for the eighth month. Although price drops are still possible, I do not expect them to be strong. At the same time, one should not really expect good growth during these summer months either. I agree that autumn should be expected, and not earlier than mid-autumn, when such growth becomes possible. In the meantime, most likely, we will observe small fluctuations in prices in this market.