Coinstirs is an amazing digital platform that is facilitating easy and simplified investing of different cryptocurrencies. Since the growth of the cryptocurrency world has increased a lot over time, people are searching for safe platforms to invest & trade using cryptocurrencies.
As a result, there is an introduction of many growth opportunities for everyone who wants to participate in crypto trading. Coinstirs is the ultimate solution for buying, selling, and trading cryptocurrency in a secure & transparent environment.
Coinstirs is a stripe-like cryptocurrency exchange platform that facilitates the exchange of many cryptocurrencies including shit coins. It ensures easy funding in a secure and transparent online environment.
The digital platform has a masked domain for wallet address and it is stripe crypto with an API. Besides, it supports Bloxsid security and transparency to help people invest and trade easily.
Using a safe crypto exchange platform like Coinstirs can help an investor or trader witness great organic growth in a user-friendly environment. Owing to its transparency, it facilitates users to invest and trade easily using its IT-enabled system.
Anyone from any corner of the world can easily transact in cryptocurrencies online in a simple way through Coinstirs. One of the major advantages of Coinstirs is it helps people study the market well. They can easily know the prices of cryptocurrencies and make the right purchase while trading.
Apart from technical infrastructure and IT mainframe, Coinstirs has an expert team of Blockchain professionals who easily manage cryptocurrencies. They support crypto investors and traders at every stage of cryptocurrency transactions to help them make a good profit in their pockets.
Global Crypto Market Cap Threatens to Break Below Current 2022 Lows
The global cryptocurrency market capitalization topped during the first half of November 2021, and since then it has been on a one-way ride towards the downside. With the entire market currently trading at approximately 35% below all-time highs, many traders are now wondering whether the sellers are already exhausted, meaning that an upward shift is due in the near future, or whether the bear market still has room to go.
In such a challenging environment, trading or investing in crypto is tricky, making it difficult for traders/investors to time the market correctly, and spot key support/resistance areas on the chart. All of the variables that drove valuations higher between 2020-2021 (fiscal/monetary stimulus, weaker fiat currencies, and appetite for riskier assets) have reversed, leaving bulls stumbling for the exit.
Bitcoin weakens below $40k
Speaking of Bitcoin, the $38,000 area is regarded as key support, which might be one of the reasons why the price is still trading around it. The late-March 2022 rally failed to gather pace and now BTC finds itself trading close to the yearly lows.
Things are not looking encouraging, not just because Bitcoin lost 40% from its peak, but also based on the market share. During broad crypto selling, the BTC market dominance increased in past cycles. It doesn’t seem to be the case now, as the figure has stabilized around 42% since mid-2021. Investors want to keep a diversified exposure even during a downturn, and this is a clear signal that Bitcoin’s safe-haven status is weakening.
Major altcoins not showing signs of strength
Anyone who is just beginning to learn how to trade cryptocurrencies should know that this is an environment where caution is advised. Bitcoin aside, things are not looking very good for the altcoins sector as well. Based on the opening price at the beginning of 2022, Ethereum is down 24%, Binance Coin -26% and other tokens such as Solana are posting losses above 50%.
There this might not be the time for buy and hold, considering that valuations might be even more attractive in the future. It is possible, however, to take advantage of what retail brokerages are offering in terms of crypto trading benefits. With derivatives based on cryptocurrencies, short-selling is a viable option, making it possible to take advantage of bearish conditions.
Inflation and broad risk appetite
Rising inflation around the world set a chain of events in motion, and these events are clearly not in favor of crypto bulls. Central banks are forced to step in and normalize monetary policies in developed countries, for price increases to diminish towards their target of around 2%.
Additionally, fiscal spending is taking a few steps back, as governments need to pay higher interest on new debt or refinancing operations. During a time of rising prices, private and institutional investors need to make concessions and prioritize spending.
In such an environment, the interest in volatile assets such as crypto is very low, which explains the lack of momentum. For the time being, global capitalization is trading around $1.72 trillion and threatens to break below the 2022 low of $1.64 trillion. Until the global economy receives a new round of stimulus, there appears to be little hope for a strong bounce back to a bull run.
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