Crypto trends over the past 6+ years have been like riding a violent wave. There have been massive peaks and equally massive valleys. Bitcoin alone has hit as high as $68,789 a coin on November 10th, 2021 after starting at zero dollars or cents in 2009. It hit its first jump to $0.09 just a year after its inception and has never looked back.
While it’s not seen anything as high as that $68,789 peak since, it hasn’t bottomed out over the past couple years as some predicted. It’s managed to stay well above $10,000.
But what does it look like going forward? And what does the whole market, not just Bitcoin, look like? What are the trends in crypto for 2023: bull or bear market? Will Bitcoin reach new heights? Let’s take a look at what “experts” are predicting. Of course I’m putting that word in quotation marks because predictions are not a science, they are…well, predictions. And those can be way off. So let’s just look at what their guesses are for the future of crypto.
To see where Bitcoin is going, some look to the stock market and how that’s fluctuating. This gives us a good barometer on how people are buying and selling.
“Interestingly, Bitcoin’s price trends appeared to mimic those of the stock market from November 2021 through June 2022, suggesting the market was treating it like a stock,” Investopedia pointed out.
Taking this into account, analysts seem to think a bear market is over and crypto is edging toward a bull market in 2023. With Bitcoin possibly bottoming out in the beginning of 2023, even dropping below $10,000, there will then be room to rally. And whenever Bitcoin drops, most other altcoins also tend to drop.
The crypto market is largely affected, not just by supply and demand, but regulations. If the SEC decides to go in on yet another crypto exchange or company, like they did with FTX, we can see more unpredictable drops in the market.
Beyond what Bitcoin or crypto will be valued at in 2023, we should also be looking at what they can be used for. They are a form of currency after all. For example, crypto casinos are fast becoming popular as you can use Bitcoin or other crypto coins to place bets.
If you’re interested in exploring the world of crypto casinos, there are many resources available to help you get started. One great way to learn more about the latest trends in this exciting industry is to read articles and reviews from trusted sources. There are numerous online publications and blogs dedicated to covering the world of crypto casinos, providing in-depth analysis of the latest games, promotions, and trends. These resources can help you stay up-to-date on the latest developments, and provide valuable insights into the most popular crypto casinos on the market today. Additionally, many of the top crypto casinos offer their own blogs and news sections, which can be a great way to learn more about the latest offerings and promotions. So whether you’re a seasoned player or just starting out, taking the time to read more about trending crypto casinos can be a great way to discover new games, bonuses, and opportunities to win big.
