Cryptocurrency markets are stabilizing, what are the latest developments?
After the fake news that broke out over the weekend, the cryptocurrency market went into extreme volatility and there was a rapid decline. Due to fake news, almost all cryptocurrencies went down after excessive selling requests. After the news came out unfounded, the cryptocurrency markets were on the rise again and the prices are now in the stabilization phase. Also, After the prices stabilize, prices in many cryptocurrencies, especially BTC, ETH, BNB, ADA, LEO and HIVE, will return to their previous levels in a short time. Following the new bullish, these cryptocurrencies could hit new ATH. Let's examine the new developments in the cryptocurrency markets.
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More than 1 million traders became liquidity due to the volatility on Sunday. Approximately 10 Billion dollars position became liquidity. The fake news that came out caused many traders to suffer serious losses. Futures are always very risky, they need to be adjusted well. In futures, it is possible to earn a lot, but it is possible to lose a lot. I also use it, but I assume that 20% drops, 20% increases will always happen, so to avoid liquidity, I adjust for a minimum drop of 25% and a rise of 25%.
US Senator Cynthia Lummis describes Bitcoin as a solid store of value that attracts the attention of mainstream investors. Lummis said, “We see Bitcoin coming into mainstream. You see people like Elon Musk investing in Bitcoin. You saw Coinbase going public today, and there is a surprising valuation. And this also becomes mainstream. Many people like Jamie Dimon (CEO of Goldman Sachs) who used to criticize Bitcoin are now investing in cryptocurrencies. Because I think they finally understand why Bitcoin is a solid store of value. ". She also adds that she describes Bitcoin as "a great equalizer", as everyone owns Bitcoin, regardless of individual investors and institutional investors. “There will be only 21 million Bitcoins created. So you automatically have a resource that will come to an end. "
The use of cryptocurrencies as a means of payment has been banned in Turkey. But I said that investing and trading in cryptocurrencies is not prohibited in Turkey. In a lawsuit filed by lawyer T. Kerem Bilen's client, the result was announced. Making a statement on this subject, Bilen said; Today in Turkey, the Enforcement Court has decided that cryptocurrencies should be considered within the scope of commodities or securities, going beyond the Central Bank's definition of intangible assets related to crypto assets. With this decision, for the first time, the Turkish judiciary made a description of cryptocurrency and said that crypto coins are within the scope of commodities or securities. This decision sets a precedent for now. I would also like to point out that an objection case was filed against the prohibition that cryptocurrencies, which will become law on April 30, cannot be used as payment. I will follow the developments in this regard closely, I will share each hearing with you.
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When we look at the cryptocurrency markets in general, it is obvious that there is a general recovery and stabilization, especially in BTC, ETH, BNB, ADA, LEO and HIVE. When we look at the daily charts, there is a bullish signal and I can say that they will soon return to the weekend levels and go higher. There was a similar drop in February, and soon after the drop, powerful coins such as BTC, ETH, BNB, ADA and HIVE reached record heights, breaking new records.
I would like to point out that a great opportunity has emerged for BTC, ETH, BNB, ADA, LEO and HIVE to invest at the lowest price. There is an incredible opportunity, especially for Cardano (ADA), LEO and HIVE. Others will increase, but in the coming days, ADA, LEO and HIVE investors will earn more.
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