half price BTC thanks to the exclusive event

As the crypto market struggles to emerge from a seemingly endless crisis, ProBit launches an exclusive week to get Bitcoin at 50% off the market price. Opportunity to seize in this context with the Bear Market.

Bitcoin: between despair and hope

Cryptocurrency investors and enthusiasts no longer know which foot to dance on. While the market appeared to be emerging from persistent instability since the start of 2022, Bitcoin price volatility is reigniting uncertainty and fear.

BTC has experienced several significant peaks during its existence. On December 17, 2017, its price hit a record high of $19,891 before dipping and fluctuating below $10,000 for nearly 2 years. It then rises gradually and crosses the $11,000 mark in mid-2019. It is only from the end of 2020 that the value of BTC increases and does not seem to stop. The cryptocurrency will cross the threshold of $50,000 in April 2021 and after a period of decline will reach its all-time high price, All Time High, of $67,000 in November 2021. Experts are happy with this Bull Market situation.

However, this enthusiasm is short-lived. Since the end of 2021, the market has collapsed again. If this is not the first decline observed in the history of Bitcoin (and assets in general), since its 14 years of existence, it is one of the most significant.

Since its ATH on November 8, 2021, the asset’s market cap has fallen from $1.03 trillion to $433 billion on July 25, 2022, representing a 65% loss in value.

BTC Falling: When Some Give Up, The Experts Still Believe It And The Miners Profit!

If the trend is still not up, since July 19, the “Fear and Greed” crypto index has improved, from extreme fear to fear, an index between 25 and 49. This index, listed 0 to 100, reflects market sentiment based on volatility, Google search trend data, trading volume and dominance, among others.

The index then falls into 4 categories ranging from extreme fear to extreme greed. The recent transition from “extreme fear” to “fear” could indicate a buying opportunity or a FOMO (fear of missing out) signal.

It seems that market sentiment is about to change. That’s according to on-chain metrics company Santiment, which says traders are “changing their tune” and “smelling a long-term breakout” by showing that the cryptocurrency’s long-to-short ratio has reached its highest point since the beginning of ​May.

Moreover, and despite the tightening of monetary policy and the difficulties that Celsius, Voyager, 3AC and stablecoin TerraUSD encountered in May, investors like Mike Novogratz meanwhile claim that the worst of the crisis is over and predict that Bitcoin may hit 500,000 dollars. in the next 5 years.

Tesla’s recent massive sale of Bitcoin did not disrupt the market, and the market has generally become bullish again since the adoption of Bitcoin as a payment method by Microsoft, Starbucks and Amazon. This adoption by major global brands could potentially stabilize Bitcoin’s value and propel the asset to new record highs, according to Nasdaq, the company that manages the US stock exchange.

Finally, changes are also made with regard to mining. If some are discouraged by the market and give up mining BTC, the remaining miners benefit from a lower difficulty level, which is automatically adjusted according to the number of participants. Statistically, it is now easier to mine and earn Bitcoins.

Of half price BTCin this bear market context

It is until August 1 that users will be able to take advantage of BTC at half price on the ProBit Global platform. On 26 July 2022, the exchange launched its exclusive offer to acquire BTC with -50% discount on the market price of BTC.

Bitcoin broke through $24,000 per July 20, posting its biggest gains in a month as US stock indexes rose and the dollar weakened. After its rebound above $20,000, speculators believe that BTC would have come out of its crisis and period of uncertainty after the fall near $18,000 in June.

As of July 25, 2022, the price is around $21,000, and despite continuing difficulties, it seems that BTC has finally managed to escape the $19,000 mark. It is during July 26, 2022 that ProBit Global applies its -50% discount.

Traders, investors and followers of cryptocurrencies can subscribe to the offer and diversify their portfolio of assets.

About Global ProBit

ProBit Global ranks in the TOP 30 of the world’s best exchanges, offering crypto enthusiasts unlimited access to buy and sell Bitcoin, Ethereum and more than 800 other altcoins in more than 1000 markets.

The exchange registers more than 1,000,000 monthly active users and 50,000,000 users on aggregators and partner wallets such as CoinMarketCap.

Global ProBit launching new events every week such as airdrops, trading competition, events ProBit exclusivehas loyalty and referral programs as well as its own stackable PROB token.

This article is promotional content and does not constitute investment advice. Do your own research and only invest money you can afford to lose.

Leave a Comment