Forex. Cryptocurrency trading Forecast for today.
Now the digital asset is trading in the range of 42450 - 40850 dollars. The breakdown of key support accelerated sales in the framework of speculative trading.
The capitalization of the cryptocurrency market on Monday amounted to 1.98 trillion US dollars against 2.06 on Sunday.
Experts and the media are sounding the alarm about the digital currency market. UBS analysts predict the imminent decline of the world's largest cryptocurrency, as a growing number of factors indicate that the "crypto winter" is not over in the near future. According to them, the arguments in favor of bitcoin as a currency and a means of hedging inflation are declining, and its technology has a number of drawbacks.
Bitcoin has fallen sharply in recent weeks as investors prepare for an interest rate hike by the Federal Reserve.
At the same time, there are risks of global economic growth, alarm signals have appeared, digital currencies have chances to recover. Flu has returned to Europe this winter, and at a faster-than-expected pace after it almost disappeared last year. This raises concerns about a protracted double pandemic: influenza and COVID-19 amid doubts about the effectiveness of current flu vaccines.