Friday, January 28, 2022
Home Crypto News Market No new year party for crypto enthusiasts as BTC drops 7.87% over...

No new year party for crypto enthusiasts as BTC drops 7.87% over the last week.

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BTC current price is less then $47,000 but above critical support of $45,000. Crypto holders were bullish on BTC to go for a bull run on new year eve, but as of now BTC is in consolidation and far from a next bull run. It’s holiday season in 2/3rd of globe so it is unrealistic to have a bull run on new year. We are expecting a bull run at end of 1st Quarter of 2022. BTC dominance is now 40.2% which is expected to drop further.

2021 was an exceptional year for BTC and crypto. The explosive growth in 2021 is unparallel and this magnificent trend will continue in 2022. BTC and crypto market cap will break it’s all time high as crypto adaption is increasing day by day and more huge developments are coming to crypto in 2022. So, 2022 will be a bullish year for crypto.

Altcoins have lost a significant price value in last week but this drop is absolute necessary for next bull run to begin in late 1st quarter of 2022. Ethereum dropped 8.10% over the past 7 days. Binance Coin dropped to 5.6% over the past week. But these small drops are not alarming. Top 50 altcoins are expected to break ATH in next bull run. Altcoins like SHIB are expected to rise to ATH in 2022, as team is working on developing it’s blockchain.

In a nutshell 2022 looks a bullish year for crypto like no other year ever before. So, all crypto enthusiasts must not have their confidence shaken with just small price drop in past few days. 2022 is year of crypto so let’s buckle up and take a ride to the moon.

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Mark Brennan
Mark is 27, holds a Master degree in Business Administration, and works as a content Creator at TheCryptoBasic mostly on Crypto Market Updates. Since 2014 he has been active in the crypto sector. Thanks to the Business College in which other than Business subjects, he was taught about the disruptive potential of Blockchain. His interests include Blockchain technology and Crypto Market innovations. He also founded a small startup in which he gives lectures on cryptocurrencies.


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