Welcome to the pulse of the blockchain and cryptocurrency world, where innovation meets investment, and the digital landscape is ever-evolving. Our journey through the past, present, and future of this dynamic sector reveals a complex narrative of growth, challenge, and transformative potential.
As September drew to a close, Bitcoin positioned itself with a compelling finish below the $27,275 benchmark, laying the groundwork for what many in the crypto circle term ‘Uptober’ – a month often associated with bullish patterns.
Cryptocurrency markets, like other financial markets, move in cycles that include both bear and bull markets. Currently, it seems we’re somewhere between the “Distribution” and “Markdown” phases. After a decline that started in early 2022, we saw Bitcoin hovering around $26,000 in early August 2023.
The latter half of 2023 is picking up momentum, and it seems that the cryptocurrency market has done the same. The market has taken a quick reversal and achieved some excellent increases over the month of July after a disappointing month of May that saw hardly any discernible improvements.
On news that major financial institutions were preparing to launch significant new products in the digital assets sector, Bitcoin (BTC) and other leading cryptocurrencies soared to fresh 12-month highs in June.
As the cryptocurrency market struggles to retain its momentum after a short comeback earlier this year, Bitcoin had its first monthly fall of 2023. Bitcoin, which ended May at roughly $26,950, dropped 4.6% of its value, according to Coin Metrics.
The Bitcoin price continues to consolidate between $22,700 and $24.000, with a rise in price since November of last year. On January 21, 2023, it achieved the vital $23,000 threshold for the first time in the previous five months.
The Bitcoin price continues to consolidate between $22,700 and $24.000, with a rise in price since November of last year. On January 21, 2023, it achieved the vital $23,000 threshold for the first time in the previous five months.
The Bitcoin price continues to consolidate between $22,700 and $24.000, with a rise in price since November of last year. On January 21, 2023, it achieved the vital $23,000 threshold for the first time in the previous five months.
The Bitcoin price continues to consolidate between $22,700 and $24.000, with a rise in price since November of last year. On January 21, 2023, it achieved the vital $23,000 threshold for the first time in the previous five months.
The Bitcoin price continues to consolidate between $16,000 and $17.000, supported by a trend line. The tight consolidation shows that both bulls and bears are unsure of their positions. Bitcoin January All-Time high was back in 2021 around $47,000.
According to a study published by blockchain intelligence platform Glassnode at the end of November, smaller retail investors have become enthusiastic about Bitcoin and started to accumulate more BTC.
The global crypto market experienced significant shifts in November, and the crash of FTX and related companies left both skeptics and enthusiasts uncertain about the future of the sector.
The bear market does not seem to be over yet!
Why actually? Learn more….
“The Merge” is just around the corner! Tip of the month: realize small profits in September.
Are we facing a stable or bullish remaining period until the end of the year? – We answer this question.
The general financial markets have had a significant impact on the crypto ecosystem in recent weeks. Our opinion:
A positive overall dynamic in April. Still, the US dollar’s uptrend can be awaited due to bearish market conditions.
The current environment is dominated by Bitcoin. Ethereum and Altcoins have lost their previous trend line and are currently flat…. Are there any signs of a rise?
Federal Reserve rate hikes and uncertainty across markets. Risky assets like tech stocks and cryptocurrencies took a hit….
Don’t miss any more news and related opportunities. Stay up-to-date at the forefront thanks to PTGR’s various social media channels. Follow PTGR AG on LinkedIn, Instagram, Facebook, Telegram or TikTok. You may also contact us at any time through these channels.
Subscribe & never miss any crypto insights.
