What does the Ethereum 2.0 update bring? To sum it up for you: <\/strong><\/p>\n\n\n\n This update will be a major achievement for the crypto ecosystem and is the most anticipated event of this year. <\/p>\n\n\n\n Blockchain technology was invented alongside Bitcoin in 2009, which is actually the very first digital asset. Since then, numerous blockchains have allowed many digital assets to operate and fulfill the use cases for which they were created. Beyond its speculative appeal, blockchain remains above all a technology that is increasingly attracting the attention of professionals. A school <\/strong>French was created by J\u00e9r\u00e9my Wauquier: Alyra<\/strong><\/a> offers distance learning courses with a flexible program to become a true expert in this ecosystem, through a curriculum paced by professionals and culminating in a skills certificate.<\/strong><\/p>\n\n\n\n Despite the downturn in the crypto-asset market, Bitcoin remains the darling of finance giants.<\/a> PricewaterhouseCoopers (PwC) published a report<\/a> on the\u2019adoption <\/strong>cryptocurrencies by traditional hedge funds<\/strong>. <\/p>\n\n\n\n And 3 statistics<\/strong> provide an overview of the current and future level of engagement of these funds in cryptocurrencies:<\/p>\n\n\n\n According to these data, these funds, already investing in cryptocurrencies, want to increase their exposure<\/strong>, despite market turmoil.<\/p>\n\n\n\n Brazil: a bill introduced to recognize Bitcoin (BTC) as a payment method.<\/a> On June 10, a Brazilian congressman introduced a bill aimed at recognizing Bitcoin (BTC) as a payment method<\/strong>. From now on, it is for the Brazilian legislature to deliberate<\/strong> on this bill. Also, its adoption could constitute an important step for the country, which could follow in the footsteps of El Salvador or the Central African Republic.<\/p>\n\n\n\n At the time of writing, the price of Bitcoin is 21,800 $ (on 06\/16\/22).<\/p>\n\n\n\n Over the last few weeks, we have witnessed the final phase of the crypto-asset market capitulation. As a reminder: the phases of capitulation<\/strong> are listed on the stock exchange phases<\/strong> accelerating the decline, and they precede a rebound, like a kind of \u201cpurge\u201d before sentiment normalizes and a bull market period resumes. During previous cycles, after the capitulation phases, it took several months for the market to recover and start its new major cycle.<\/p>\n\n\n\n <\/p>\n\n\n\n As you can see below, we have entered the deep and painful phase of the bear market. These phases were reached in early 2015, early 2019, and briefly during the Covid-19 crisis in March 2020. These phases have previously lasted between 3 and 6 months before the start of the next cycle. These are generational buying opportunities before the next cycle. <\/p>\n\n\n\n The chart below is a heatmap of Bitcoin's 200-week moving average price in USD. In each of its major market cycles, the price of Bitcoin has historically hit a bottom around the 200-week moving average. This indicator uses colors based on the percentage increase of this 200-week moving average. Depending on the monthly increase in % of the 200-week moving average, a color is assigned to the price chart.<\/p>\n\n\n\n <\/p>\n\n\n\n In order for the start of the new cycle to kick off, global geopolitical and inflationary tensions will need to stabilize, as crypto-assets are closely linked to the current economic world.<\/p>\n\n\n\n The crypto-asset market is not the only one experiencing a sharp decline; all stock market indices are down significantly, particularly in the tech sector. One reason for this is that central banks are raising interest rates and reducing quantitative easing (QE). To sum up: central banks are stopping the printing of money due to rising inflation (loss of purchasing power through a generalized increase in prices). There is therefore a liquidity crisis and a deflation of all markets fueled by this money printing.<\/p>\n\n\n\n Nevertheless, the interest rates set by central banks (such as the Fed and the ECB) of wealthy and over-indebted countries (like France at 150% of GDP) cannot increase too much, because if these interest rates rise, it increases the interest these countries must pay on their debt.<\/p>\n\n\n\n As a result, central banks have put themselves in a difficult situation with two choices: <\/p>\n\n\n\n Several factors lead us to believe that the second option will be selected. In the meantime, over the long term, crypto-assets will not be impacted by inflation, notably Bitcoin with its supply capped at 21 million tokens. It will continue to establish itself as a store of value over time and on the long term<\/strong> As you can see on the 200-week moving average chart that I showed you previously! In the short term, it is a risky, volatile asset that is heavily impacted by market liquidity, which is why it is periodically correlated with stock indices, which are also impacted by the liquidity injected by central banks.<\/p>\n\n\n\n Fiat currencies (euros, dollars, etc.) are non-volatile in the short term, but they lose value in the long term. Some digital assets like Bitcoin (BTC) and others (ETH, BNB, etc.) are very volatile in the short term, but they retain and sometimes even increase their value in the long term. <\/p>\n\n\n\n <\/p>\n\n\n\n
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\n\n\n\nFundamental Analysis<\/h3>\n\n\n\n
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Source : https:\/\/www.coingecko.com\/fr<\/a><\/figcaption><\/figure>\n\n\n\n![\"\"](\"https:\/\/www.mereau-finance.com\/wp-content\/uploads\/2022\/06\/image-1-1024x516.png\")
Source : https:\/\/www.lookintobitcoin.com\/charts\/200-week-moving-average-heatmap\/<\/a><\/figcaption><\/figure>\n\n\n\n
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