StartKryptowährung NewsSigns Pointing to a Crypto Winter Thaw?

    Signs Pointing to a Crypto Winter Thaw?

    Video Signs Pointing to a Crypto Winter Thaw?

    The Bull Case

    Bitcoin, Ethereum and the entire crypto space are nine months into the bear market. But some signs point toward a possible recovery.

    Crypto Payments

    Despite the crypto winter, crypto payments have become a more widely adopted utility in the digital currency ecosystem.

    Dmitry Ivanov, CMO at CoinsPaid, told BSC News how crypto payments grew in the first half of 2022 to offer faster and cheaper local and international transactions:


    Rising Prices

    Prices are also starting to recover.

    • Bitcoin rose ~36% and Ethereum ~112% from their June low.
    • After bottoming out in June, Celsius token briefly rebounded to its January levels. It has since retraced but is still up 750% from its June lows.
    • Meme coins are taking off.

    Institutional Support

    Read more: Ethereum cofounder Vitalik Buterin says crypto builders would welcome a bear market, as it would clear out less viable apps

    Big institutions are doubling down on the sector.

    • Many top 100 public companies have invested in blockchain in the last few months.
    • Coinbase announced a partnership with asset management giant BlackRock.

    Tornado Cash and Regulation

    It’s hard to assess if regulation is bullish or bearish for crypto – it mostly depends on policymakers finding the right balance between freedom and security.

    • The U.S. Treasury recently banned crypto privacy mixer Tornado Cash, which could have significant implications for the space. Even Vitalik Buterin has admitted to using the protocol.
    • Alexey Pertsev, a developer who contributed code to the decentralized protocol, got arrested.
    • Bitcoin Lightning Network’s regulatory risk is also increasing.
    • Major influencers shared their concerns against overregulation.
    • The increased regulatory scrutiny can also backfire on policymakers.
    • Crypto lobbies are starting to fight against overreaching sanctions.

    The Merge

    • The Ethereum Merge is less than a month away.

    Emerging Economies

    • Emerging economies like Argentina are adopting cryptocurrencies at unprecedented rates.

    The Broader Picture

    Many argue that the current crypto bear market started with the bigger macro picture.

    • The U.S. is arguably in a recession.
    • The U.S. and Europe have been facing the highest inflation since the 80s.
    • The war in Ukraine is contributing to the global economic slowdown.

    Read more: Ethereum founder Buterin says Crypto welcomes another winter

    The question remains: Has the global economy bottomed out, or should we expect a stronger correction? As crypto acts both as an excess liquidity sponge and an alternative to traditional finance, the market can still face more uncertainty.

    • Inflation seems to have been regulating risk asset prices lately,
    • And some argue there is a sustained risk of recession ahead …
    Source: Michael Burry, the fund manager who predicted the housing bubble.
    • … While other respected macro analyzers think we saw the worst in June.

    The best thing for individuals to do is probably to broaden their perspective and realize how crypto can outlive short-term uncertainty.

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    Read more: Crypto winter may be just what DeFi needs

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    Find more: Crypto winter would be welcomed top – Krypto-NFTs

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