In recent months, the price of cryptocurrencies like Bitcoin has fallen massively. Bitcoin recently fell below the $30,000 mark. Ethereum also lost massively and crashed below the $2,000 mark. The bear market has arrived but in a harsh way. What could the future of cryptos look like? In this article, we discuss the future of cryptocurrencies and how crypto prices could behave in the future. Will we see another bull market and cryptocurrency prices rising again soon?
How have Crypto prices developed in recent months?
Over the past few months, we have seen a steady drop in cryptocurrency prices. Bitcoin in particular set the course. In November 2021, the Bitcoin price was still at an all-time high of over $68,000. In the months that followed, we saw steady losses with several strong crashes that most recently took Bitcoin below $30,000.
The Ethereum price also saw an all-time high of over $4,800 in November. Most recently, this Ethereum rate even fell below the $2,000 mark. The two most important cryptocurrencies lost more than 50% of their value within half a year. So it looks like the present and future of cryptocurrencies will be determined by a bear market.
Why did the Crypto Market crash?
In the past we have seen bull markets in cryptocurrencies. This began at the end of 2020 and continued steadily in 2021 with a longer break in spring and summer. In November, many cryptocurrencies reached their all-time highs and many investors hoped that prices would continue to rise in the near future.
However, this was not the case. Many factors contributed to cryptocurrencies plummeting in value:
- A final flare-up of the pandemic caused prices on the stock exchanges to fall, which also hit the crypto market.
- The general weakness in tech stocks drove cryptocurrencies down and down as well.
- Liquidating short positions in the FX market exacerbated short-term price falls, causing sharp price falls in a short period of time.
- The threat and ultimately carrying out the increase in key interest rates by the American central bank, the FED, made risky investments such as cryptocurrencies less attractive.
Can Crypto prices recover in the future?
Cryptocurrency prices indicate that we are currently in a pronounced bear market. But what does the future of cryptocurrency prices look like? Will this bear market continue for months or even years?
Normally, the Bitcoin course and thus the entire market runs in a 4-year cycle. That would mean that we would see a bear market for at least 1-2 years from now.
But the rhythm of the market has changed in recent months. An even more massive increase in the Bitcoin price should have taken place at the turn of the year. Therefore, it could be that we see a change in cycles and a faster bull market.
What will the Future of Cryptos look like?
A longer bear market is ruled out for now. However, should it come to an end, we could almost certainly see $100,000 in Bitcoin and $10,000 in Ethereum in the next bullish cycle. This is because it is very likely that we are at the bottom of prices for the current cycle right now.
However, some analysts assume that Bitcoin could still fall towards $20,000. After that, however, we should see higher prices again.
Is it worth investing in Cryptos now?
Many investors are put off by a bear market. Few invest in a bear market because the chances of quick profits are slim. But in the long term, the current courses are worthwhile and invite you to invest. But investors may have to be patient until the investment pays off in the next bullish cycle.
Ethereum Price Prediction for 2025 – How High can Ethereum reach?
How long will the Bitcoin bear market last?
Crypto Crash! Will 2022 be a Crypto Bear Market? Here’s what we Know
How to Become a Successful Trader in 2023 – 5 Steps to Follow
Ethereum Price Prediction 2030 – Will Ethereum make you a Millionaire?
5 EXCELLENT Ways to Survive the Bear Market as a Crypto Investor
When will Bitcoin reach $100,000? Here’s a Conservative Projection
PEPE Coin Price to Reach $5 in the Next Seven Days?
CONSERVATIVE Price Prediction – How High can Bitcoin reach by 2025?
Bitcoin Price Prediction: Will Bitcoin Price Skyrocket to $500K In The Next Bull Market?
What will happen to Bitcoin after the crash? Probably a BOOM?
Top 4 Cryptos to BUY before 2030 – Think Long Term!
Will Bitcoin reach $50,000 again this year in 2023? Well…
Top 5 Cryptos of the FUTURE: Think long-term!
Bitcoin Bull Market: Is $45,000 the Magic Level?
Can Cardano Price reach 10 $ in the next Bull Market?
Crypto 2022 Prediction – Will this year be Bullish for Bitcoin, Ethereum and LUNA?
The Big Bitcoin Prediction for 2025 – Are We Seeing $200,000 to $300,000?
Can Bitcoin reach 0 $? Here are the Thoughts of Professional Analysts
You might also like
More from Altcoin
So, why not dive into the top 3 reasons why LUNC price could hit the $1 mark after BTC halving? …
Can the Solana price soar to $200 in the next days? Let's take a look at this Solana price prediction.