Here’s Why The ‘Peak Capitulation’ of Crypto is Yet to Come, According To Coin Bureau

Here’s Why The ‘Peak Capitulation’ of Crypto is Yet to Come, According To Coin Bureau

BTC is currently trading at roughly $21,000, with a 10% decline over the last five days. On the previous day, the price of the primary cryptocurrency fell by around 4%, and other cryptocurrencies also experienced a decline.

Is a Recovery Rally on Cards? 

Talking about the continued market turbulence, the pseudonymous presenter of CoinBureau warns that values for crypto assets are about to fall even further.

Guy advises his 2.09 million YouTube viewers that the recent rebound rally is probably going to fizzle out.

According to him, if the current cryptocurrency price movement wasn’t obvious enough, the big purge seen in Q2 has laid the groundwork for a significant recovery rally that may be in store.

However, the markets will eventually understand that all of the macro causes that triggered the most recent crypto crashes have not been rectified, which might drive crypto to reach new lows.

Full-blown Testing Time for Crypto 

The CoinBureau host claims that because the fear isn’t widespread yet, crypto assets have not yet reached “peak capitulation.”

This ideology is supported by many institutional investors, like Kevin O’Leary, who think that a full-blown panic hasn’t yet occurred.

On the other hand, Guy claims that many measures, including trade volumes, the number of decentralized finance (Defi) users, and the bitcoin org