Investors are worried. Large companies specializing in the world of finance are also. Why ? The financial market is going through a difficult period, since nothing seems stable anymore. The NASDAQ tumbled almost 4% and the cryptocurrency market lost over 40%. What will happen in the future? Glassnode’s Unchartered #15 revealed the possible scenarios.

Why Is Crypto Crashing and Will It Recover? | Investment U

Nothing goes right anymore!

Bitcoin (BTC), the largest cryptocurrency in the world, has fallen below the $30,000 mark . Fearing inflation, investors have been selling stocks and cryptocurrencies over the past month. They are afraid of losing a lot of money, which can be understood since the specter of inflation becomes clearer every day.

Source: Glassnode

Since the tumble of BTC and other cryptocurrencies began, the correlation between BTC and the S&P500 has continued to strengthen . It reached unprecedented levels, while the liquidation of American bonds reached most of the assets considered to be at risk.

It should also be noted that during the week, BTC underwent corrections of 18%, falling to $29,700 . BTC holders suffered the same fate. In fact, the number of lost addresses has reached an ATH according to a May 15 tweet. In the same period, an inflow of $45 million into bitcoin and $4.8 million into altcoins offset the current bearish sentiment , especially for ether (ETH).

Currently, nothing seems to be going well for the financial market. Digital assets are losing value, and even in the realm of traditional finance things are not improving. In these circumstances, it can be easy to lose hope. Moreover, several people have sold their shares and cryptocurrency reserves. However, experts believe that we must remain positive.

Source: AMBCrypto

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