“Absolute Disaster”, This Serious Cryptocurrency Warning Crashes After Bitcoin, Ethereum, BNB, XRP, Solana, Cardano, Luna and Avalanche Free Fall

The price of bitcoin has rebounded about $ 40,000 for most of 2022 while bulls and bulls fight for control of the market . Meanwhile, Ethereum’s price fell below the $ 3,000 ether mark for the first time since mid-March.

The combined cryptocurrency market has lost nearly $ 400 billion since the beginning of April, as the top ten cryptocurrencies, including Binance’s BNB, Ripple’s XRP, Solana, Cardano, Luna and Avax, analysts warn that a “disaster in the markets. financial “ could push bitcoin below $ 30,000.

“The signal for a break from the slight uptrend would be consolidation below the $ 38,000 per bitcoin levels,” he wrote. Alex Kuptsikevich, Senior Market Analyst at FxProin the email comments. “If the bulls capitulate, the first cryptocurrency could be pushed into the $ 32,000 to $ 35,000 range. without too much resistance. “

The sales bitcoin and cryptocurrencies arrive as US stock market futures fell ahead of Monday’s opening after a long holiday weekend as investors brace for a week of first quarter earnings reports and speeches from decision makers. Federal Reserve.

Last week, the March Consumer Price Index showed an 8.5% rise from a year ago, the fastest annual gain since December 1981. Fed officials vowed to do whatever it takes to keep inflation in check, however, analysts of Goldman Sachs warned that the Fed will fight to calm inflation without causing a recession in the United States, cwhich puts the likelihood of the economy contracting by about 35% over the next two years.

“We are increasingly concerned about a summer of turmoil and volatility,” he wrote Eric Robertsenchief strategist chez Standard Charteredin a note first reported by Bloomberg . National Securities chief market strategist Art Hogan estimates a 35% risk of recession this year, “but that’s not our base case,” he said. Reuters . “As concerns about an impending recession fade, I think defender sponsorship will decrease as a result,” Hogan told the news.

“A consolidation scenario below $ 30,000 would require a real disaster on the financial markets“Kuptsikevich added.

Last week, Arthur Hayesthe co-founder of the cryptocurrency exchange BitMEXrevealed that he he feared that the price of bitcoin and ethereum would drop much more in the coming months . Hayes expects the price of bitcoin to drop to $ 30,000 over the next two months, with the price of ethereum dropping to $ 2,500 per ether.

“Bitcoin and Ethereum will bottom out long before Powered it does not act and changes its policy from strict to loose, “he wrote a blog post adding that he is betting on a “collapse” in bitcoin and ethereum prices by June.

The cryptocurrency market is down today

All major cryptocurrencies fell earlier in the day on Monday, April 18, while the global cryptocurrency market cap took the brunt. The largest cryptocurrency in the world, Bitcoin, it slipped back below the $ 39,000 level after exceeding $ 40,000 for a few days as market volatility continued. On the other hand, other major cryptocurrencies also showed a downward trend as investors continued to assess rising inflation and considered a possibility of economic recession amid the ongoing war between Russia and Ukraine. The tensions that lasted for months between the two countries have thrown the global cryptocurrency market into volatility.

Here are the top 10 cryptocurrencies and their prices as of April 18, 2022 (data from coinmarketcap.com)

  • Bitcoin $ 38,936.59 or a loss of 3.57% in the past 24 hours
  • Ethereum $ 2,915.79, or 4.96% loss in the past 24 hours
  • Tether $ 1.00 or 0.01% profit in the last 24 hours
  • BNB $ 399.00 or 3.94% loss in the last 24 hours
  • USD Coin 0.9997 or 0.02% loss in the last 24 hours
  • XRP $ 0.7368 or 5.56% loss in the past 24 hours
  • Solana $ 97.45 or 4.51% loss in the past 24 hours
  • Cardano $ 0.8887 or 6.22% loss in the past 24 hours
  • Land $ 76.94 or 5.81% loss in the past 24 hours
  • Avalanche $ 73.39 or 5.63% loss in the past 24 hours

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