Who are the “shrimp investors” and “whale investors” trying to save Bitcoin from disaster

  • Cecilia Baria
  • BBC News World

image source, Getty Images

The cryptocurrency market has collapsed, with the price of Bitcoin dropping 67% from its all-time high in November of last year.

On Wall Street, they have been dumping riskier investments, such as cryptocurrencies, at a time when the shadow of a possible recession in the US has moved large capitals to seek refuge in more stable assets.

With rampant inflation sweeping the world, a rise in interest rates and global economic slowdown Fueled by the war in Ukraine, the market is going through the so-called “crypto winter”, that is, a long period of low prices for digital currencies.

To add fuel to the fire, sector regulation projects are being discussed in the US – something that affects expectations for the price of cryptocurrencies – as they emerge with more and more Often fraud and opaque business that went bankrupt.

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