Since the year Bitcoin was created, its price has gone through different stages, highlighting minimums and maximums that have been considered historical; consequently, it is a digital financial instrument with a bit of history and a completely different concept from investments in traditional finance. If you’re looking for a lead, click this link, and it will give you detailed information.
Many bitcoins will be sold in 2022
Possibly 2022 has been the year with the most significant impact in using cryptocurrencies as an investment method; many deposited their savings in 2021 after seeing the relevant price increases, managing to exceed 60,000 dollars.
This historical maximum produced a stunning effect on many people who did not hesitate to invest in Bitcoin; what they did not expect was that the economic and financial situation of the world powers, together with external elements, would affect the ascending path of this digital currency.
The year 2022 has not been one of the most beneficial for Bitcoin in terms of its drastic price decrease, where the supply increased considerably, taking the historical maximum to more than 50% less than its value.
This situation caused many holders of Bitcoin and other cryptocurrencies to withdraw gradually from the market, demonstrating a radical position in crypto investments.
Even though many specialists have suggested that investors keep their Bitcoins despite the decrease in their price, which for many has been quite tricky since FOMO has taken over the market, generating greater insecurity and fear of maintaining investments.
Unfortunately, many projects have collapsed and have not resisted the crypto winter. Therefore many lost their savings, to the point that crypto finance companies have gone bankrupt.
Relevant lows of 2022
Each month that passes is a constant agony for Bitcoin investors; the ups and downs that the price of this digital asset has experienced lead us to assume that it is in a continuous search for stabilization only that the external factors of the economy are not contributing.
An inflation rate that reaches historical values that have not been repeated for more than 40 years is now becoming evident in Europe and the United States, in addition to an ongoing war that shows no signs of ending in a short period.
The most difficult months this year for Bitcoin have been January, April, May, June, and August.
Prices have gone from $38,498.60, which represents a decrease of 62% from its last historical maximum that closed in October 2021, according to data obtained from the Investing platform.
Although this has not been its minimum price in this financially turbulent year, it reached $19,926.60 in June. It surpassed the USD 20,000 barrier, which seems to be the reference to promoting a price change upward trend.
It has been tough months for Bitcoin and the rest of the cryptocurrencies; apparently, the economic conditions are trying to stabilize, which has favored the digital financial market, keeping Bitcoin at a minimum of 20,043 dollars, where the followers of this cryptoasset wait with you crave the uptrend.
2022 temporary highs
On the other hand, we find the maximums that Bitcoin has managed to touch during this 2022, which, although they have not managed to reach their last reference, continue to leave a bittersweet taste among users of digital currencies.
The months of February and March have been the most beneficial; even though the global outlook was not optimal, a significant boost was given to adopting digital currencies (specifically Bitcoin) as a method of negotiation in the commercialization of goods and services on an international level.
During these months mentioned above, it reached a maximum of USD 45,525, to later collapse and re-establishes a historical maximum that exceeded 23,000 dollars; the latter encouraged investors but defined support has not been achieved.
Expert analysts usually indicate that the bullish periods of Bitcoin last for two years, some references demonstrate this, such was the case of the bullish phase that lasted from 2017 to 2018 and later during 2020-2021; it is developing during the stage most challenging part of the COVID 19 pandemic.
These phases have been entirely defined and, in turn, have led to an increase in the adoption of cryptocurrencies as financial instruments that enhance the use of savings or the flow of money to obtain long-term returns.