The decline of crypto continues ~ Bitcoin is declining to the lowest level and the values of other digital currencies is also declining significantly.

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The decline of crypto continues ~ Bitcoin is declining to the lowest level and the values of other digital currencies is also declining significantly.

The cryptocurrency market is plummeting by $ 150 billion. Since the beginning of this year, the cryptographic market has entered a negative stage, suffering significant declines - curious for how long!! The world's largest cryptocurrency, Bitcoin, has been trading below $ 25,000 since Sunday, hovering around $ 23,653 and of course continues to fall. In general, this decline is caused by the continuous galloping inflation, but also due to the negative event of mid-May, when the so-called algorithmic stable cryptocurrency terraUSD, or UST and the cryptocurrency Luna collapsed.

As it turns out, the interest of many seems to be waning, yep even the searches on Google or the crypto appetite of many give the impression that things will continue to suffer that unfortunate decline. Finally, it's normal and these impressions may be accentuated a lot, and that's because of those negative events that we all go through at the level of a society (that war that doesn't seem to end in the near future). Yep, we are all witnessing absurd increases prices in food, fuel and of course significant increases in energy. Yep, at the moment there are a lot of indices, there are a lot of data that indicate the possibility of an even bigger correction of the crypto market.

In reality, globally, it's a real economic storm ... yep, It's interesting that consumption is declining and prices are rising. Unfortunately, the vast majority of investors sold what they feared for inflation. Inflation is not just in dollars, euros, rubles or those veteran cryptocurrencies, but it is already a fairly uniform phenomenon. If we go back in time, to about 2008 - then there were only two super vulnerable sectors - real estate and banking. Surprise now, at the moment inflation is hitting everywhere, accelerated by the war in Ukraine.



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