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Cryptocurrencies started showing a bullish chart in the narrow zone they hadn’t seen for a long time. The rise that started with the main cryptocurrency Bitcoin has also spread to altcoins.

Central banks are trying to do their best to solve the problem of inflation in the world. Although central banks are raising interest rates to fight inflation, it is clear from the rising inflation figures that it is not possible to prevent this situation in the short term.

Supply has also decreased due to the slowing economy due to lower demand in the coronavirus pandemic. With the passing of difficult days such as isolation and quarantine enforced in the pandemic, excessive demand has occurred. More demand than supply pushed prices higher. Not only on the supply and demand side, the war between Russia and Ukraine has also triggered bad days for the global economy. Russia and Ukraine, which play a major role in the supply of precious metals, oil and foodstuffs, have started to play a leading role in the rise in prices. The economic wars of many countries against Russia have also compounded the problems. Russia, on the other hand, seems to have started to take advantage of this situation for the time being. Economically reducing its imports, Russia began to sell oil and natural gas in rubles. This has made the ruble stronger than it has ever been.

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PRICING HAS STARTED TO REFORM

Although there are many issues other than inflation in global economies, pricing is generally inflation-based. US stock markets have been on a downtrend for some time. The possibility of a recession in the United States has increased, the euro/dollar parity has reached the low of 20 years, the demand for gold has decreased and its price has fallen, oil is strong with the current war russo -Ukrainian, the opinion that oil will decrease in a possible American recession, the energy deficit The European Russian economy These and other similar reasons cause rapid price movements in the markets, such as the need for gas, the possibility of shaking things up in Asia, which is the production base of the dollar that has risen in value all over the world.

INTEREST EXPECTED TO INCREASE IN US AND EU

The EU and the United States, which are using the weapon of interest to fight inflation, could continue to raise interest rates. While the EU should raise interest rates to protect the euro, the US should raise interest rates to contain inflation and slow demand.

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A LIGHT OF HOPE LOOKS INTO CRYPTO COINS

Cryptocurrencies, which have been in the bear market for a long time, have started to build expectations to chart a new course in light of all the negative economic developments. Cryptocurrencies are waiting for an opportunity to rally after a long period of decline and stagnation. Those who have invested heavily in cryptocurrencies have also started to come up with new recommendations and annual goals.

PROTECTS HIS $500,000 GOAL

Crypto billionaire Mike Novogratz pegged the weather to 2027 at the Bloomberg Crypto Summit, which kicked off yesterday in New York.

Novogratz repeated his usual rhetoric in his evaluation of Bitcoin. Novogratz said in March that he expects Bitcoin to fetch $500,000 by 2025. But the drastic drop in markets seems to have caused him to change the date for his price prediction. The cryptocurrency billionaire noted at the event that his $500,000 expectation for BTC will come true by 2027. Novogratz said he expects the $500,000 expectation to be achieved by 2025 in the past.

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2000 PERCENT INCREASE EXPECTED

Novogratz’s prediction for Bitcoin to hit $500,000 needs to rise by around 2018% for it to come true. Bitcoin hit its all-time high last November at $69,000.

BITCOIN LOOKING AT ABOUT 10 PERCENT PREMIUM

The main cryptocurrency Bitcoin approached the $24,000 mark. Bitcoin is trading at the $23,800 level with an increase of nearly 10%. Bitcoin is trading 65% behind its all-time high of $69,000.

Will the rise of Bitcoin continue, approaching 24 thousand dollars ... Here is the latest situation

ETHEREUM IS OVER $1,500

Ethereum, one of the most popular cryptocurrencies, is also gaining strength. Ethereum is trading at $1570 with a 4% premium. Ethereum is trading 68% behind its all-time high.

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Will the rise of Bitcoin continue, approaching 24 thousand dollars ... Here is the latest situation

ALSO MOVE LEFT WHICH DUE HUGE DAMAGE

Solana, which has caused heavy losses to its investors, is also taking its share of the bullish movement. Solana is trading at $45.81 with a premium of 7%. Its distance from its all-time high of $260 is 82%.

RIPPLE IS ALSO STRENGTHENING

Ripple, which is struggling with lawsuits, is also monitoring buyers. Ripple is trading at $0.38, up 7%.

TAKE CARE OF YOUR INVESTMENTS

It is necessary to be aware when investing in cryptocurrencies. No one has received expertise or the right to comment from the authorities on the cryptocurrency market, which is not subject to any regulation. For this reason, investment advice and advice from people who are presented as experts on social media or by cryptocurrency exchanges should not be respected. It should be remembered that these people take orientation measures so that their institutions receive commissions on purchase and sale transactions.

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Since there are no margin limits in cryptocurrencies, your investments can double in an instant, when they can suddenly drop to zero. In this regard, it is necessary to be careful and determine the stop loss level for the decrease. Otherwise, you can do great damage.

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