Bitcoin is on a date with a new challenge

It seems that we are on a new date with a challenge for bitcoin in particular and for cryptocurrencies in general, as the price of bitcoin has currently reached 42 thousand dollars and here it is suffering with this price in this period and waiting for what events will unfold in the coming period. Will bitcoin launch to 45 thousand dollars again Just like last month and beginning of this month that we're back again with suffering down $40,000.

While Ethereum is also not better off these days, despite the suffering that includes the entire market, but the Ethereum was performing well these days, as the price of Ethereum reached 3200 dollars, and today it decreased by about 2%.

As for the rest of the cryptocurrencies, and due to the stability of most of the prices waiting for the bitcoin, so the prices of the cryptocurrencies in the meantime, either with a slight increase from 0 to 1% or a decline in the same percentage as well. Also, future traders, I think it will be difficult to determine the next direction.

With the stagnation in economic news in general and news about cryptocurrencies, this is the time to wait. There may be a soon development on the political and economic scene, so this is not the most appropriate time for trading.

As for the expectations of the upcoming market trends in the medium term, I think that there are positive indicators, as the extent of awareness that expands and reaches all people about cryptocurrencies is a good thing, as we see that a lot of announcements about cryptocurrencies, especially NFTs, which created great momentum and brought millions Thousands of users entered the cryptocurrency market last year and the beginning of this year.

After Elon Musk acquired a large percentage of Twitter shares, rumors began that there would be ways to support users on Twitter through Doge coin. There is no doubt that this news will lead to a sensation and more questions about cryptocurrencies, and thus more users and supporters of decentralized payments, and from here it begins The circle is getting bigger and bigger.

Cryptocurrencies have become a reality in the world of the Internet, and Web 3 has become an essential part of the development of the Web in the world. Therefore, any simple daily or weekly decline of Bitcoin and cryptocurrencies is not comparable to the rise and achievement that occurs in the long run.