Bitcoin has had a rough year. In fact, if you’re an investor, it’s been almost impossible to make money this year. The price of one bitcoin dropped by more than 80% in just three months (from more than $20k per coin to around $5k), and crypto investors have been frustrated with seeing their portfolios shrink as they watch other assets increase in value like gold or real estate. However, if you’re wondering “when will crypto market recover?” – we’ve got answers for you!
The recent unrest in Hong Kong has complicated the relationship between the US and China.
The recent unrest in Hong Kong has complicated the relationship between the US and China. The protests are being seen as another sign that tensions between these two superpowers are rising, with China accusing the US of meddling in its affairs and threatening to retaliate over any further US sanctions.
The unrest began on June 9 when protesters started blocking streets, demanding a greater say in elections for their chief executive position and an investigation into police use of force against demonstrators.
The protests have been ongoing for over a month now; some estimates say there are tens of thousands of people taking part each day (though official numbers have not been released). The Chinese government has said it will not interfere with Hong Kong’s autonomy but may take action if asked by local officials to help quell violence or restore order—a move that could trigger further escalation between Beijing and Washington.
The US House of Representatives has passed a bill calling for sanctions on Chinese officials, which doesn’t sit well with China.
The US House of Representatives has passed a bill that calls for sanctions on Chinese officials, in response to the situation in Hong Kong. China has responded with its own threat of sanctions on US officials. This could lead to a trade war between the two countries, which would impact global economic growth and affect the crypto market.
If you’re asking yourself ‘when will crypto market recover?’ – we’ve got answers.
If you’re asking yourself ‘when will crypto market recover?’ – we’ve got answers.
Crypto markets are volatile. The market has crashed before, and it’s recovered from previous crashes.
In the past few months, bitcoin has been facing a bear market that can cause people to worry about its future and even want to sell their coins or tokens (for example). However, these kinds of dips in the value of cryptocurrencies tend to happen every year during November-December—and then again around April or May. This is because many investors get excited about Bitcoin when Christmas approaches; they buy more bitcoins than usual and drive up demand soon after Thanksgiving Day in America (which usually falls on the fourth Thursday of November). So if you’re thinking about buying Bitcoin now—or selling some —you might be better off waiting until January 2020 when prices tend to rise again after this period of seasonal buying activity (this time next year).
China’s new digital yuan could potentially threaten the US dollar’s dominance as a global reserve currency.
The US dollar reigns supreme in this regard. The world’s most traded currency, it is also the world’s most used reserve currency and the one most used for international payments. These facts are not in question; they’ve been so since well before cryptocurrencies came on the scene.
Yet they might be less secure than you think. A growing number of economists believe that China could alter this scenario—and soon—by using its new digital yuan as a global reserve currency alternative to the U.S. dollar and its allies in Europe, Japan, Canada and Australia (the “G-7”). This could threaten not only how we see money but also how we conduct diplomacy internationally over time if China succeeds in boosting its own financial standing through innovation…
However, it may also help boost Bitcoin and cryptocurrencies’ legitimacy, especially in Asia.
But despite the fall in cryptocurrency prices, it may also help boost Bitcoin and cryptocurrencies’ legitimacy — especially in Asia.
The market has been growing rapidly in the region: South Korea alone accounts for about 10% of global bitcoin trading volume, according to research site CryptoCompare.com. There’s also a high level of interest among many people who are just beginning to learn about digital currency, said Arthur Hayes, co-founder and CEO of crypto derivatives exchange BitMEX.
Bitcoin’s price decline is also in line with its historical pattern, as Bitcoin tends to drop at the end of the year before recovering in January.
So, when should you hold and when should you sell?
The good news is that the historical pattern of Bitcoin’s price movements is likely to repeat itself again.
In short, Bitcoin tends to drop at the end of the year before recovering in January. If this pattern holds true this year, we could see a major increase in price by December 2020—but it could also take longer than six months for Bitcoin’s value to return to its former glory.
There’s also a possibility that Bitcoin could rise again dramatically, due to the upcoming bitcoin halving event.
It’s also possible that Bitcoin could rise again dramatically, due to the upcoming bitcoin halving event.
Bitcoin halving is an event that happens every four years on or around the same time as a block reward reduction. The reward for mining a block will be reduced by half, and this has happened 4 times before in the past:
- November 28, 2012 (block 210,000)
- November 28, 2016 (block 420,000)
- May 25th 2020 (block 630 000). This is when it’s expected to occur!
Although many investors are frustrated with the current state of crypto prices, bitcoin market movements can be predicted using historical trends.
Although many investors are frustrated with the current state of crypto prices, bitcoin market movements can be predicted using historical trends. The most important event for predicting future price movements is the upcoming halving in 2020. There have been four previous halvings thus far and each one has resulted in a significant increase in price.
The next halving will take place on May 29th, 2020 at 5:30 PM UTC (9:30 AM EST). This means that miners will earn half as much BTC as they previously did when they mine a block. This event has been studied extensively by analysts and economists who have concluded that it will cause a large spike in BTC price.*
Conclusion
Although many investors are frustrated with the current state of crypto prices, bitcoin market movements can be predicted using historical trends. The recent unrest in Hong Kong has complicated the relationship between the US and China. If you’re asking yourself “when will crypto market recover?” – we’ve got answers!