After a resounding fall in 2022,
cryptocurrencies continue their recovery and from the bottom of June 2022 they recover 42% upwards
.
Investors had panicked due to the monetary tightening of the Federal Reserve, and this worsened when Binance (one of the main exchanges) announced that it would not buy its rival FTX due to inconsistencies in its balance sheets.
FTX CEO Sam Bankman-Fried
was accused of defrauding investors and hollowing out the company by diverting $10 billion in FTT to Alameda Research.
That was one of the breaking moments.
The market, which was going through a period of instability, began to collapse (-42.6%), reaching US$ 15,000.
THE Bitcoin
came from trading at US $ 64,000 in 2021
.
Bitcoin holders breathed a slight sigh of relief as US inflation data came out since November
.
However, the preferred exchange continued to hover in the $16,000 to $16,900 range.
This Tuesday, bitcoin closed at $21,300.
Following the arrest of Sam Bankman-Fried ordered by the Bahamas Attorney General,
the cryptocurrency market began to find stability.
Since December 2022, it has rebounded and remains on the rise, slowly but continuously.
On the other hand, the increase in interest rates established by the FED seems to be positive for the crypto market.
Although the increases in the rates of 2022 were not clearly decisive for the depreciation of bitcoin,
the outlook for 2023 is auspicious as long as the United States does not tighten its economic policies.
Likewise,
bitcoin shows that it continues to be the preferred one, always susceptible to market volatility, it is still one of those chosen to invest,
especially for those who follow it closely and attentively as it evolves according to economic variables.