Crypto bear markets are rough, but there are five moonshot events that could turn the ship around.
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5 events that could put an end to the current crypto bear market
Much to the chagrin of cryptocurrency investors across the ecosystem, the bear market has officially set in and brought with it devastating price collapses that have left relatively few unscathed.
As the popular topic of conversation now centers on bearish predictions of how low Bitcoin (BTC) will go and how long this iteration of the crypto winter will last, those with more experience on the matter know that it’s virtually impossible to predict the bottom and it would be wise to apply those energies elsewhere.
Instead of focusing on the when of the end, perhaps it’s more constructive to explore what events might help pull the market out of the bear market depths and put it on a path to its next up cycle.
Here’s a look at five potential catalysts that could pull the crypto market out of its current malaise.
A successful Ethereum merge
One of the most highly anticipated developments of the past five years has been the ongoing transition of the Ethereum network from proof-of-work to proof-of-stake.
Fed vice chair Brainard urges faster crypto regulation, touts role for stablecoin
Brainard says if crypto remains unregulated as it is integrated into the larger financial system, it will bring risks of instability of the type currently being seen.
Finance Redefined: UK government explores DeFi with a focus on staking and lending
Majority of the top-100 DeFi tokens broke out of three week long bearish phase and registered double digit gains over the past week.
Finance Redefined: UK government explores DeFi with a focus on staking and lending
Majority of the top-100 DeFi tokens broke out of three week long bearish phase and registered double digit gains over the past week.
Price analysis 7/8: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, SHIB, AVAX
Bitcoin (BTC) rallied to the 200-week moving average on July 8, a level that could act as a battleground between the bulls and the bears. Several analysts are watching this level because a break and close above it could be the first sign that the bear market may be ending.
Bloomberg senior commodity strategist Mike McGlone said that Bitcoin’s 50-week and 100-week moving averages are showing similar signs as made before the 2018 bear market bottom. Therefore, McGlone expects Bitcoin to give a strong rebound in the second half of 2022.
Daily cryptocurrency market performance. Source: Coin360Another positive sign is that Bitcoin rose above $22,000 on July 8 even as the United States dollar index (DXY) continued its northward march. This suggests that the strong inverse correlation between Bitcoin and the DXY may be starting to weaken.
Could Bitcoin extend its recovery pulling the crypto markets higher? Let’s study the charts of the top-10 cryptocurrencies to find out.
BTC/USDT
Bitcoin broke above the resistance line of the symmetrical triangle and the 20-day exponential moving average (EMA) ($21,233) on July 7, indicating that bulls are making a comeback.
Price analysis 7/8: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, SHIB, AVAX
Bitcoin and select major altcoins have risen from their recent lows, signaling an increase in volatility in the near term.
Price analysis 7/8: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, SHIB, AVAX
Bitcoin and select major altcoins have risen from their recent lows, signaling an increase in volatility in the near term.
US diplomats call on Japan's crypto exchanges to cut ties to Russia: Report
The FSA and Japan’s Finance Ministry previously warned crypto firms against processing transactions involving sanctioned individuals or entities, subject to fines or imprisonment.
Former head of TikTok gaming leaves Web2 to build core Web3 protocol
Jason Fung said he hopes to solve interoperability problems with metaverse development through his new company Meta0.
Hong Kong securities regulator CEO to lead UK financial watchdog
Ashley Alder said the FCA would help “chart the UK’s post-Brexit future as a global financial centre which continues to support innovation and competition."
Know thy customer: The future of KYC in crypto
With the regulatory push for a tighter identification standards rises, the crypto industry definitely has some innovations to offer.
The risks and benefits of VCs for crypto communities
Traditional venture capital funds drive valuations through multiple funding rounds. Startups aim for initial public offerings or other exits. Then the sharemarket decides upon a more realistic valuation.
But in cryptoland, tokens introduce market capitalization while a company is being built.
This means there are a lot of competing interests and agendas. Token sales for Web3 startups can be the bastard child of a personality cult leader founder and a bunch of VCs, raised by a group of Discord-dwelling degens manning a DAO, while speculators trade 24/7 and the media circles.
So, how do founding teams get the balance right between the needs and wants of the VCs and what’s best for the community? Are the interests of VC funds aligned with the interests of token holders?
The risks and benefits of VCs for crypto communities
Traditional venture capital funds drive valuations through multiple funding rounds. Startups aim for initial public offerings or other exits. Then the sharemarket decides upon a more realistic valuation.
But in cryptoland, tokens introduce market capitalization while a company is being built.
This means there are a lot of competing interests and agendas. Token sales for Web3 startups can be the bastard child of a personality cult leader founder and a bunch of VCs, raised by a group of Discord-dwelling degens manning a DAO, while speculators trade 24/7 and the media circles.
So, how do founding teams get the balance right between the needs and wants of the VCs and what’s best for the community? Are the interests of VC funds aligned with the interests of token holders?
The risks and benefits of VCs for crypto communities
Traditional venture capital funds drive valuations through multiple funding rounds. Startups aim for initial public offerings or other exits. Then the sharemarket decides upon a more realistic valuation.
But in cryptoland, tokens introduce market capitalization while a company is being built.
This means there are a lot of competing interests and agendas. Token sales for Web3 startups can be the bastard child of a personality cult leader founder and a bunch of VCs, raised by a group of Discord-dwelling degens manning a DAO, while speculators trade 24/7 and the media circles.
So, how do founding teams get the balance right between the needs and wants of the VCs and what’s best for the community? Are the interests of VC funds aligned with the interests of token holders?
Compass Mining retrenches 15% of staff, execs to take major pay-cuts
Compass Mining parts ways with 15% of its workforce while senior employees and executives take major pay-cuts in the wake of the cryptocurrency downturn.