What's happening with Bitcoin today?

Before buying these assets, investors often ask themselves what's happening with Bitcoin today. This information is important because it shows whether or not the investment is worthwhile. Check it out below. 

What's happening with Bitcoin today

Currently, cryptocurrencies are following the future of the stock markets, approaching $900 billion in market value. Even though the market suffers from high volatility, it is an excellent investment for robust investor profiles.

Before investing in assets, investors often ask themselves: what's happening with Bitcoin today? Although it ended the last day down, BTC went up again on Friday (9). 

This market follows the future of the stock markets, with investors always keeping an eye on consumer opinion. This has led to cryptocurrencies regaining the US $17 thousand level, advancing by around 2.4% in 24 hours. 

So far, cryptocurrencies have ignored the uncertainties surrounding the market, especially amid the sustainability of the world's largest Bitcoin fund. Despite the concern of some investors, assets continue to grow, even if only slightly. 

What's happening with Bitcoin in 2022

The cryptocurrency market is currently going through major difficulties. Amid the macroeconomic scenario, as well as rising inflation and interest rates, this market is facing uncertainty. 

Bitcoin, the main cryptocurrency on the market, is feeling the impact of the bear market. For the first time in 11 years, this asset has recorded its worst half-year, with the price falling from US$$45,000 at the beginning of April to US$$19,000 at the end of June. 

These figures show a fall rate of 56.2%. However, this wasn't the only negative data for the currency in 2022, as it fell below $17 thousand US dollars in November, hitting a two-year low. 

Of course, there are other factors that directly affect the economy, such as the war in Ukraine. In scenarios like these, investing in cryptocurrencies today is only worthwhile for those with long-term projects. 

This is because, due to the current scenario, the price of assets is below the normal market average. But investors need to be careful when investing in cryptos, considering their investor profile and exposure to risk. 

Why Bitcoin is falling

There are different reasons why Bitcoin is falling on the market, but the main ones are: US monetary tightening policy, the effects of the conflict between Russia and Ukraine and the collapse of important crypto-related projects. Check them out below:

1. American Monetary Tightening Policy: The economic decisions of the United States have an impact on the world. As the crypto sector is increasingly linked to the world economy, the dynamics of bitcoins have followed the logic of stocks; 

2. Conflict between Russia and Ukraine: The economic crises of recent years have had a major impact on the cryptocurrency market, such as the Covid-19 pandemic and the conflict between Russia and Ukraine. These tensions, coupled with rising inflation levels, are causing great fear among investors; 

3. Breakdown of important crypto projects: Last but not least, Bitcoin's fall may be related to the breakdown of important crypto projects. The first major collapse was the fall of Terra, which caused huge losses for investors. 

How the crisis can be reversed

For cryptocurrencies to stabilize, people need to keep bitcoins and others need to buy them. After all, this kind of crisis has happened in the past, and cryptos are still going strong. 

Fanatics of the crypto world might say that this is a great time to invest in this market, as everything is cheap. But investors need to be very cautious, assessing their investor profile and the risks. 

Some people tend to invest without thinking twice, forgetting that investing without studying can lead to losses. What's more, some people are deluded by the idea of "getting rich quick". 

Elon Musk, for example, has talked a lot about his love of cryptocurrencies. The entrepreneur's electronic car company invested US $1.5 million in bitcoins last year, but experts urge caution. 

This is because the cryptocurrency market is currently a place only for brave people who are prepared for any risk and the chance of losing money. So, before investing in cryptocurrencies, study the need and the chances of profitability. 

Bitcoin will fall further

First of all, it's impossible to predict market behavior. What usually happens is that investors are presented with a likely scenario. 

In other words, to find out whether it's a good idea to invest in the assets or not, investors need to be aware of crypto news. 

It's also important to bear in mind that the market can change quickly. Despite the risks, bitcoins are among the best cryptocurrencies in the world. 

In this sense, if you want to invest for the long term, cryptocurrencies are great options for diversifying your investment portfolio. 

Is it worth buying bitcoins today

Now that you know more about the bitcoin market, you're probably wondering: is it worth buying BTC today? The answer varies according to your investor profile. 

If you are prepared to face the risks of losing money, or making money, you can invest in cryptocurrencies today. It's worth noting that there's no way of predicting what will happen to the market. 

But investors can see some signs. The first is the behavior of the big investors. That is, whether they are taking advantage of the moment to buy more BTC or not. 

In order for their portfolio to grow gradually, investors are investing in cryptocurrencies, despite the risks. In addition, it is possible to follow some strategies to reduce the average price of the asset and increase profitability.