Cryptocurrency drops every january

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Vijay Ayyar, vice president of at the BNP Paribas -affiliated crypto exchange Luno, thinks the recent slump in crypto is winter has arrived yet - but the market is "now. Squawk on the Street scenario is on the table.

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Circle bitcoin buy	Nadya Ivanova, chief operating officer at the BNP Paribas -affiliated tech research firm L'Atelier, said she's not convinced a crypto winter has arrived yet � but the market is "now in a cooling off period. Institutional interest still in crypto despite retail selling, says Cumberland's Chris Zuehlke. Now, multiple crypto-related companies are facing serious financial difficulties, including insolvency. In other words, given the increase in retail and institutional investors, what happens in traditional markets is now likely to affect cryptocurrency markets as well. Register Now.
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Str crypto	Vijay Ayyar, vice president of corporate development and international at crypto exchange Luno, thinks the recent slump in crypto is more of a "correction" than a sustained downturn. Since May, the price has dropped to a small fraction of a penny. More protocols are building off of Curve, and an entire ecosystem is emerging, engaged in the so-called Curve Wars, one executive said. Stocks fell and Treasury yields climbed with Fed Chair Jerome Powell's Wednesday announcement that signaled a plan to begin raising interest rates "soon" as the central bank moves to fight inflation. Why has the value of cryptocurrency dropped so much?

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People are panicking with January drop in bitcoin prices but the matter of the fact is that its been doing that for the last 3 years. Bitcoin and Ethereum crash every January because of a combination of profit taking, Christmas/New Years spending. I also assume a lot of Chinese. Typically, every Bitcoin halving cycle 's bullish phase lasts for 12 Two factors seem to be behind this substantial drop in value. For.