The post <strong>Alert, Traders! There Shall Be A Crypto Washout Soon, Warns Expert</strong> appeared first on Coinpedia Fintech News
After reaching heady heights in 2021, the cryptocurrency market has had to weather a period of tightening monetary policy, which has resulted in sell-offs, the implosion of projects like Terra, the bankruptcy filings of CeFi companies like Celsius Network and Voyager Digital, and the ultimate collapse of the FTX exchange in 2022.
Many in the crypto community are divided on whether or not 2023 will be a good year for cryptocurrencies. Due to the larger economy’s difficulties, many analysts feel this downturn is unique. On the other hand, when asked whether 2023 would be a bullish or negative year, roughly 84% of respondents to a survey by CoinmarketCap said the former.
After dropping to a low around the $10,000 to $12,000 level, the price of Bitcoin (BTC), the flagship cryptocurrency, may rise to $30,000 in the second half of 2023, according
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