The cryptocurrency market has gone through its worst crash in the past six months, a situation that continues to generate fear among investors. Inflation, pandemic and uncertainty.

The crypto assets market had one of its worst weeks of the year, in which the vast majority of assets dropped up to 20%, completely erasing the profits generated after the last bullish rally that occurred last October. There are various reasons for which such a resounding crash is attributed, and it is that they have been complicated days around the world after the emergence of the Omicron variant in Africa, its arrival on the American continent, uncertainty generated after the words of the president of the FED , Jerome Powell, on inflation and much more.

Bitcoin, the cryptocurrency with the largest market capitalization in the world, has fallen more than $20,000 since its last all-time high back in November, following an alleged manipulation of buy orders, which were generated during the rally before the crash. These buy orders made investors think that the upward force would continue in the market. However, these orders were eliminated before being executed, which made prices collapse. Jerome Powell, president of the United States Federal Reserve, raised the uncertainty generated in the financial markets in recent days, after he mentioned that inflation can no longer be considered transitory, in addition to assuring last Tuesday before the Senate Banking Committee that the US central bank will accelerate the withdrawal of stimuli at the next meeting, which will take place between December 14 and 15. It is worth mentioning that inflation last October in the United States reached 6.2%, which has made it the highest in the last 30 years. Added to that, on December 1, the United States government confirmed the arrival of the Omicron variant in the United States, which has managed to expand to more than 15 states. There are currently more than a dozen confirmed cases. However, it is not ruled out that the number is even higher and will continue to rise in the coming days. In other news, it was announced last week that Jack Dorsey, CEO of Twitter, would be stepping down as Chief Executive Officer. Current Chief Technology Officer, Parag Agrawal will be tagging his position, as Dorsey argued that the company was ready to get out of the hands of its founders and take the next step. Dorsey served as CEO of Twitter and Square, its digital payments platform. Restructuring begins on Twitter. Bitcoin is currently close to $49,000 after a fairly strong crash which managed to breach an uptrend line that had been coming since July. However, the price managed to reject a rather severe drop with lows near $42,000. We found quite an interesting support above $48,200. BTC/USDT 1D (TradingView Chart). These have been truly tough days for crypto investors. However, falls and high volatilities are part of the essence of cryptocurrencies, so we must be aware of events that may generate uncertainty, and look for the best prices to enter the market. Without further ado, we wish you an excellent start to the week.