@BOMBERuss 31 May 2022 more from that month

Bitcoin Surged Above $32,000 #Bitcoin and the entire #cryptocurrency market have been growing in recent days. Indeed, according to data provided by CoinGecko, bitcoin is currently trading at around $32,200 at the time of writing. Over the past 7 days, bitcoin has grown by more than 10%, which indicates the great interest of the community in bitcoin. When it comes to altcoins, the biggest gain among the top 20 was #Cardano (#ADA), which registered an increase of almost 22%, which is more than double the growth of bitcoin over the same time period. There are several virtual currencies in which losses have been recorded over the past 7 days, including #LUNAC, #GMT, #APE, #EGLD, #DFI, #STX and #AVAX; among others. These coins have lost more than 8% of their value. The cryptocurrency market has been in a bearish trend since November 2021, when most altcoins and bitcoins reached new historical highs. At the moment, it shows a correction against the background of a bear market. This means that we may see a continuation of the bearish trend for bitcoin and other digital currencies in the coming months. In addition, the fall of the #Terra (LUNA) ecosystem was one of the main catalysts for the fall of bitcoin and other virtual currencies in early May. Therefore, we also need to closely monitor this digital currency and see what happens to it. There is a project to revive #LUNA, but it may not have proper support in the crypto industry. There are other things to consider when it comes to the price of most virtual currencies. It is important to monitor how traditional financial markets behave and whether they influence investment decisions related to digital currencies. Let's not forget that there are several companies that have already invested in bitcoin and can withdraw their funds if they feel uncertainty in the financial markets. Data on inflation and interest rates are also important for understanding what can happen to the price of Bitcoin. Indeed, the virtual currency can be greatly affected by possible changes in monetary policy around the world, especially in the United States. Keeping track of inflation data and Fed decisions is very important for those investors who closely monitor the cryptocurrency market. Finally, it is very important to understand how the spread of Bitcoin is spreading in other countries. After El Salvador, the Central African Republic became the second country to make bitcoin legal tender.