The world economy is still struggling with the inflation problem. Inflation in the US and EU economies, which suffered the most, entered a downward trend. Therefore, the equilibrium elements in the markets have also changed. As our gold grew stronger, grams of gold reached historic highs. Oil prices strengthened with falling inflation. Expectations have emerged that the Fed and ECB will cut interest rates or that the rate of rate hikes will slow.

Parallel to all these developments, cryptocurrencies began to rise. The transaction volume in cryptocurrencies, which has been showing an upward graph for 3 weeks, has once again exceeded 1 trillion dollars.

Cryptocurrencies are trading at much lower levels than the historic highs they saw in November 2021. Due to both the time value of money and high inflation in 2022, the money of cryptocurrency investors suffered huge losses. Real profitability will emerge if the calculations are made this way by superimposing the inflation rate on top of the inflation rate for their own currencies, as well as for their currencies to rise to their previous levels to appreciate.

BITCOIN HAS BECOME $23,000

With Bitcoin over $23 thousand, the leading cryptocurrency has also mobilized other cryptocurrencies. Bitcoin saw a low of $22 thousand 292 and a high of $23 thousand 78 during the day. It is currently trading at $22,721 with a decrease of almost 1%. At its all-time high in November 2021, its distance is 67 percent.

ETHEREUM EXCEEDS $1600

Ethereum, which has been in a bearish trend for a long time, is trading at $1633 with a premium of 0.23%. Ethereum saw a low of $1607 and a high of $1663 during the day. Its distance from its all-time high in November 2021 was 66 percent.

DO NOT be fooled by Bull Traps

In the cryptocurrency market, bull traps are currently seen after every drop. The bulls try to keep the market positive by light buying, leading other investors to believe it will be bullish. Then, when the bulls see profits of around 7-10 percent, they start emptying their crypto assets by issuing a sell order and turning the money of small investors into tokens.

REGULATIONS MUST COME

The huge gap in the cryptocurrency markets is causing fortunes to evaporate. Although governments continue to work on regulation for cryptocurrencies, a legalized and organized market is long overdue. The absence of a margin gap, the abundance of cryptocurrencies without money and stories, the fact that cryptocurrency exchanges are not subject to any legislation, cause hundreds of thousands of people to lose their money.

DON’T BE DECIDED BY THE EASY PREDICTIONS

For the leading cryptocurrency Bitcoin, it is necessary not to believe those who make predictions like “it will see 100 thousand dollars, it will see 250 thousand dollars”, the depth of the fundamental and technical analyzes must be examined, and if they give ‘ a target price, it is necessary to pay attention to the date. If he says “it will reach 250 thousand dollars” and no date is specified, it seems that this estimate is empty.

EXPERTS WORK SALARY

People who present themselves as experts either make money on social media or work as a salary at a cryptocurrency exchange. If the experts who analyze when cryptocurrencies will rise and fall would also analyze themselves, they could become billionaires and live their lives very comfortably instead of working for a paycheck. In light of this, people who present themselves as experts should be approached with caution.

Cryptocurrencies do not have a margin gap, so your money can reach thousands of times at once, and it can suddenly drop to zero. Since it is not dependent on any authority, it is not subject to rules and laws. Coins purchased from any cryptocurrency exchange may evaporate upon the closure of the cryptocurrency exchange. It is known as the most logical method to store the received cryptocurrency by moving it to a cold wallet. Cryptocurrency exchanges only need to be used as an intermediary and then the coins need to be kept in cold wallets. Cryptocurrency exchanges can slow down their systems to protect themselves in the event of a rise or fall, and therefore investors can be victims because trading cannot take place. Due to the fact that they are not affiliated with any authority, almost anyone can make statements about cryptocurrencies and claim to be an expert. Although many ordinary people on social media do not have the authority, they give advice and victimize investors. Although explanations are made with graphics, the only change that will affect the global economy can ruin all analyses. For this reason, it is necessary to be careful when investing in cryptocurrencies and to know the risks well and update the timers every day.