According to analysts, bitcoin, broadcasts and S&P 500 index have demonstrated the worst quarterly indicators over the past three years. Since the end of March, the crypto industry has lost over $ 160 billion market capitalization.
“In conditions when consumer trust is at 12-year-old minimums, and the stock markets are already shocked by a weekly subsidence by 4-5%, the time to tighten trade conditions is very inappropriate,” the report said.
Experts recalled that April is a historically strong month for cryptocurrencies. In their opinion, the further fate of virtual assets in the short term will be determined by the behavior of investors that evaluate many macroeconomic risks.
Earlier, experts of the analytical company Cryptoquant said that bitcoin risks entering the new bear phase, since several metrics indicate the upcoming correction of the first cryptocurrency course.
Source: Bits
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