Withdrawal of Bitcoin and Ethereum | Collapse for altcoins: we explain why soon …

A negative Asian session helped impose strong minus signs on the whole compartment of the cryptocurrencies and of Bitcoinwith losses that in some cases exceed 5% and with a very important punishment for all altcoins, with Ethereum And Bitcoin that hold more.

Has the rebound, both on the stock exchanges and on the crypto markets, run out of gas and now is it time for some sort of retreat? In reality there are several issues to take into account, which shake the international economy and which could bring back some anxiety, which in conjunction with the August holidays (which will be a typically Italian event, but still widespread) contributed to discounts.

Important reductions that however bring back inviting prices on the markets in which many are trying to invest. And it can also be done with eToro, go here to get a virtual and free account with the TOP of trading tools – intermediary that allows us to have access in the complex to 75+ crypto assetsall chosen from the best on the market and in which we can also invest with professional-level tools.

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Asian markets hang on Fed decisions

August is not the month of decisions for the FOMC and the Fed on interest rates, and to avoid lazing too much on the umbrella, market analysts are waiting for what are the minute on the previous FOMC meeting, i.e. the details on what the specialists who take part in the decision-making process on interest rates. And what has come out of those released this week is not very reassuring for the markets, desperate for some of that. crazy printer which historically helps them.

Fed in fact she seemed more than determined to make a clean break to policies of this type, at least until i prices they won’t be growing back into some sort of normalitythat is, getting closer to that 2% from inflationthe magic number that central banks have convinced themselves they have to apply to any context of the economy.

In such a situation, stocks suffer, which even on a global scale had shown a certain capacity to rebound despite the squeeze on rates, and they also suffer Bitcoin, Ethereum and all the rest of the crypto market, historically still a risk market, for which market participants have little appetite, particularly in market phases of this type.

The bottom appears to have been drawn and few at this point believe that Bitcoin can go below the minimum recorded a few weeks ago. The lateral movements continue as widely expected by our specialists and a kind of uncertainty will continue which will go hand in hand with that of risk markets.

• Altcoins looking for guidance

Which seemed to be Ethereum on the occasion of the merge, but that probably won’t be. Ethereum will be very self-referential in this important step in its history and it would be absolutely useless to think that it can track increases for the whole sector, perhaps even for those layer 1 which technically are in stark contrast to Ethereum same. In part, we will proceed in line against Bitcoin, whose dominance is however at relatively low levels. If the future tries to resemble the past, in all likelihood it will alt they will have to, at least for a few percentage points, give way to Bitcoin, and then try to get back to running.

The real appointment is in September

And few have doubts about this. August trading will proceed, as it does historically, rather wearily and reacting almost listlessly to the news that will come from macroeconomics. The USA in the meantime they seem to be the most determined to try to keep inflation and its inflation under control evolutionswhile in Europe he is still struggling, finding himself facing a phenomenon that is different in terms of structure and in decidedly more precarious economic conditions than those of Washington.

Perhaps it does not help an electoral campaign in what is the great sick man of Europe at least in terms of growth and public debt. But these are the rules of democracy, and whoever wants to at least try to become a great power will have to learn to deal with this type of eventuality as well.

For those who will ask us if, how and why Bitcoin and crypto still continue to respond to requests coming from the “outside” world blockchainit is not difficult to answer: for how long $ BTC arrived to supplant whole parts of the “old system”, investors operate according to risks and expectations about the future. This at least when they deal $ BTC how purely financial asset. For those who believe in the revolution that it can trigger, this could instead be a good time to do stockpile of tokens and coins at an affordable price for the moment.