Key factors
The crypto world has seen a lot of uncertainty in recent months. The United States government is considering measures to address the economic and security changes brought about by virtual assets. This factor is more influential than the Russian invasion of Ukraine.
Don’t rush to sell your bitcoins just india email list yet. This could be a good time to buy cryptocurrency because of the potential for a rebound!
Bitcoin and the Fed
Bitcoin is sensitive to the policies of the US Federal Reserve. In December 2021, its head Jerome Powell announced that the pace of asset purchases would be doubled. The move was intended to curb inflation, but it also shook the crypto market.
The impact on the current price of bitcoin has struggling to scale your business in japan been negative, as US/EN authorities still view it as a supposedly risky asset. On the flip side, adoption of the coin is growing, which has a positive impact on its image.
The price at which you can trade cryptocurrency is still very volatile. It reacts to political and economic factors, much like stocks. For burkina faso leads example, when President Biden signed his sweeping crypto executive order in March 2022, BTC gained about 10%. However, the rise was short-lived.
What should be done?
The Fear and Greed Index, which reflects market sentiment, has been in the “fear” zone for several months in a row. However, Changelly does not advise selling, as investors should not panic about short-term declines. Over time, Bitcoin and other virtual assets will converge with traditional instruments.
