Let’s examine together what is the latest situation in the crypto money market, which has been negative for a while, and what the experts are commenting on the crypto money market.
How Are The Markets?
When we look at the market in general, a mixed course prevails. According to the last 24-hour data, Bitcoin has fallen by more than 1% and is priced at $ 16 thousand. Individual investors are hesitant and uneasy because of the $13,000 target that popular analysts have set for Bitcoin. On the Ethereum side, we see that the leading altcoin has also dropped more than 2% in the last 24 hours and is priced at $1,184. The total value of the cryptocurrency market currently stands at $827 billion. The 24-hour cryptocurrency market cap is around $46 billion.
What Do Experts Think of the Market?
So what do experts think about the future of the cryptocurrency market? Coinbase, one of the largest cryptocurrency exchanges, conducted a survey called 2022 Institutional Investor Overview of Digital Assets. In the survey, 140 institutional investors were asked about their perspectives on the digital assets market. According to the results of the survey, three-quarters of respondents think crypto assets will remain in the middle of the last bear market and cryptocurrencies are now strongly accepted as an asset class. According to the full data released by the exchange, 72% of respondents think digital assets are permanent.
Again, according to the results of the survey, although the sector is viewed positively in the long term, recent events show that investors are distracted from high return expectations. More than half of respondents do not expect to see significant price action in cryptocurrencies in the next 12 months.
Exciting Development from Russia
It is certain that the crypto money market needs good news to return to its old days. In the crypto money market, which has not had positive news for a while, there may be a development that will make people smile. Russia, which has not shown a good attitude towards cryptocurrencies in the past years, hopes to benefit from the power of crypto money against the sanctions imposed by many countries. It has been reported that studies on the establishment of the Russian National Cryptocurrency Exchange and the regulations of this platform have begun in the Duma, a subdivision of the Russian Federal Assembly. It is planned that the draft law on the subject will be prepared and presented to the officials of the Central Bank of Russia in the coming days. If these plans are implemented, Russia could increase interest in Bitcoin and pump confidence in the markets.
Binance Delists Some Trading Pairs
Finally, the cryptocurrency exchange Binance announced today that it will delist many trading pairs from spot trades. The trading pairs to be delisted include ARK, BEAM, Bitcoin Standard Hashrate Token, Gifto, Mithril, PERL, pNetwork, REP, Serum, Tribe and NEM. The delisting is expected to take place on November 28.
22636
