BLOODY MARKET, CRYPTO MARKET DROPS LIKE SHARP KNIVES

Greetings and welcome dear readers, the issue that concerns us in this installment is related to the current bearish scenario presented by the cryptographic market and where its main exponent Bitcoin has lost more than half of its value in less than three months. In such a way that we will try to elucidate the consequences of this resounding fall in the cryptographic world.

In this sense, many analysts think that the bearish scenario is the product of the confluence of different economic aspects of an international nature, the most prominent being the restrictions imposed by Russia and the current war it has declared mentioned country on the Ukrainian territory.

War that has caused a feeling of fear and uncertainty that has hit the different world markets, where the digital markets have not escaped this reality, so that the main prices around BTC and ETH Blockchain network exponents appear to be driven to record lows.

Which prompts us to think about the true foundations that keep BTC afloat since many assume them as a refuge of value similar to gold, however, if we analyze the charts and the markets we realize that in the middle of the war promoted by Russia, gold increases its value while Bitcoin falls drastically, which shows us how young this market is.

Under the current scenario, the crypto market is presented more as a risk asset than as a haven asset, the former being understood as the one that presents exponential growth when the economy is active and the uncertainty is low, which are based on improvements in the economic process, unlike haven assets that grow at times where uncertainty, recessions and conflicts are greater so that they are able to maintain and increase their value, for which achieves greater stability.

Hence, a large part of the investors reduce their positions in the digital markets and bet on the stability of gold and historically known value havens, which has generated massive sales that have boosted the collapse of cryptocurrencies in general, at least while the times of uncertainty finish passing and the international conflicts are clarified.

If we make a technical approach, we must consider certain support levels or important trading zones for BTC, that with a value of BTC below 40K, we must envision deeper zones around the 30K, which would be important prices to think about an extreme bearish movement within the market.

However, they are mere speculations for which we must wait for the real movements that the BTC ends up generating. In this sense, I would like to know your opinion regarding the bloody market generated in crypto assets and the international velico scenario.