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Learning & News => News related to Crypto => Topic started by: newshunter on July 02, 2022, 01:06:45 AM

Title: Worst quarter in 11 years as Bitcoin price and activity plunge
Post by: newshunter on July 02, 2022, 01:06:45 AM

Worst quarter in 11 years as Bitcoin price and activity plunge

Quarterly returns on Bitcoin haven’t been this bad since it was trading under $20 in the early days of Mt. Gox, but the stock market isn’t faring so hot either.

Source: Worst quarter in 11 years as Bitcoin price and activity plunge (https://cointelegraph.com/news/worst-quarter-in-11-years-as-bitcoin-price-and-activity-plunges)

Would appreciate your opinion about this

Title: Re: Worst quarter in 11 years as Bitcoin price and activity plunge
Post by: Senin on July 02, 2022, 06:04:51 AM

Now the world as a whole is going through a very bad period for the economies of all states without exception. Very large losses for the economies were the result of the coronavirus pandemic that has raged over the past few years. The coronavirus itself did not even affect as much as the unprecedented measures to combat it, which simply destroyed the conduct of any business and production.

Now Putin's Russia has unleashed the biggest war since the Second World War in the center of Europe, where thousands of tanks and armored vehicles, hundreds of planes and helicopters are used on both sides on a front of more than a thousand kilometers. The actions of the Russian invaders lead to unprecedented destruction of civilian infrastructure. Therefore, the entire civilized world joined in supporting Ukraine, providing it with military, financial and humanitarian assistance.

Of course, this significantly worsens the economic situation in the world, which was already weakened by the coronavirus. Therefore, it is not surprising that we are now experiencing such a strong fall in the cryptocurrency market. People are running out of savings and are increasingly forced to sell their cryptocurrency. This is what causes him to fall.