As we entered the 21st century, we had new inventions amidst us that changed our lifestyle. We started using computers and smartphones. Both smartphones and computers affect the eye. That’s why more people started to wear glasses now due to emerging eye problems. With the modern visual issues around the corner, usual eyeglasses aren’t going to cut it.
People need advanced glasses, that can keep their eyes safe. It’s not only about power. But it’s also about the blue light coming from the devices. ZEISS Vision Care Launched its new portfolio at CES in January because it wanted to address the new visual lifestyle.
The digital age has changed the way we use our eyes. Some use it all day long in front of a desktop, and our jobs force us to live in front of a computer. People have got itchy eyes, dry eyes, headaches, and neck aches. ZEISS Vision Care has launched the new portfolio, which has lenses that deal with all the modern eye problems. Now this new range of lenses are also available on platforms like Visio Optical.
Jens Boy, the President of ZEISS Vision Care North America, said that ZEISS was excited to have launched the new portfolio. It is also happy to cater to the eyecare needs of people of all age groups. They want to provide visual comfort to patients.
ZEISS is a world-renowned company that was established in 1846. It develops, produces, and distributes measuring technology, microscopes, medical technology, eyeglass lenses, camera lenses, and binoculars. But it is popularly known for its contribution to the optical field.
The company is represented in more than 40 countries. But it has over 50 sales and service locations. There are more than 30 manufacturing sites and about 25 research and development centers of ZEISS around the world.
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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