The biggest challenge facing the cryptocurrency market today is risk aversion in global markets, given concerns about lower economic growth given the spread of the new coronavirus variant, Delta.

In this way, cryptocurrencies are not left out of the downward movement of the markets. Since inconsistencies about the future of miners, both bitcoin and the ethereum network, bring more uncertainties to the digital market beyond those imposed by China, the European Union and the United States.

With investors looking for safer assets such as US government bonds, Bitcoin was down 4.2% in dollars at around 6 pm, compared to the previous 24 hours, trading at $31,822.07, according to data from CoinMarketCap , on the 14th of July.

Most other digital currencies also dropped this Thursday, as is the case with the Ethereum, which had a low of around 8.7%, to US$ 1,9840.78. The meme currency, the Dogecoin, was also down 7.5% to $0.18.

The main driver of Bitcoin's downward movement since May is China's move to restrict digital currency mining, causing miners to migrate their operations to other countries. In addition, the banking restriction imposed by China, made investors newly entered the bitcoin market, leave before suffering more losses directly or indirectly.

Indeed, until the end of May, it appeared that the Ethereum network would not have the same fate. That's until the verification that version 2.0 will profoundly alter the mining system as far as the required hardware is concerned!

Since May, Bitcoin accumulates fall of the order of 15% until this Thursday.

In the year, the performance is still positive, with gains of 13.3% in dollars.

Faced with a still scenario of currency consolidation and with uncertainties caused by restrictions in China, caution must be used, not to be exposed, at this moment it guarantees a lower risk of loss.

Once back to US$29,000, it is quite possible to seek the US$20,000, returning to the average level of investment and bringing the currency to a more palatable and acceptable reality while at the average value of bitcoin.

The level of US$30,000 to US$35,000, which does not offer an attractive profit and return margin, is expected to drop even further with global and regional uncertainties.

Furthermore, as bitcoin is an indexer of several other tokens, DefI and AltCoins, it is expected that many offered tokens will be taken to "bankruptcy", due to the very low value they will find and the great volatility - which shocks most investors .

For the long-term investor, Bitcoin fundamentals remain, and an exposure of 1% to 3% of the portfolio to cryptocurrency makes sense, when over a three to five year investment horizon.

For a horizon longer than three years, it is expected that the losses will be compensated, but for those who believe they will recover everything in the next month, then changing assets is perhaps the best option.

Believing in bitcoin, at this moment, is keeping the asset quiet while waiting for a reversal.

As simple as that, most cryptocurrency investors will have to mature and learn that, as in the traditional financial market, time, losses and recompositions do take part in the vocabulary of cryptocurrencies.

In this sense, adventurers are also destroyed and what resists will be something more serious and promising than the amount of SCAM and cheaters that are in the middle of the game.

The decrease in value will ensure that speculators migrate to other more interesting markets.

Whoever survives will prosper!