Bitcoin the worst quarter since 2011 with a 56% drop

After a 2021 in which it reached impressive peaks (all-time high of over 67,000 dollars), Bitcoin is recording the worst quarter of the last 11 years: as of June 30, 2022, the most famous cryptocurrency in the world in fact recorded a resounding -56% compared to approximately $ 45,000 recorded at the beginning of the quarter.
It is the strongest decline Bitcoin has experienced since the third quarter of 2011, when the value of BTC went from $ 15.40 to $ 5.03, and it is worse than the bear markets that occurred in 2014 and 2018, which did mark a decrease of 39% and 49% respectively. In particular, in the month of June Bitcoin recorded a loss of over 37%, the heaviest monthly negative result since September 2011.

The cryptocurrency market has experienced specific turbulence linked in particular to the TerraUSD episode, but also to the uncertainties generated by their regulation (of which the MiCA is perhaps the most striking example). It is true, however, that all financial markets as a whole are going through a particularly difficult phase due to geopolitical instability and economic uncertainties, with the growth of abandonment and the increase in interest rates.

And, perhaps also for this reason, some signs indicate that cryptocurrency investors are staying cautious (or have run out of funds) during this bearish phase. Activity on the Bitcoin blockchain is in fact slowing with a 58% drop in the total volume of coins traded in just nine days.

Less investment and speculation activity also translates into lower commission collections for exchange platforms. And this, combined with the difficulties mentioned above, led several realities to the decision to reduce the staff. A symptomatic case is that of the well-known Coinbase exchange with the hiring block on June 2, together with the revocation of the job offer to almost 350 people, and for a cut of 1000 jobs on June 14. Bitpanda, a company that offers trading tools not only in cryptocurrency markets, also reduced its workforce by 277.

1st July (’22): Canada Day

Canada Day (French: Fête du Canada) is the national day of Canada. A federal statutory holiday, it celebrates the anniversary of Canadian Confederation which occurred on July 1, 1867, with the passing of the British North America Act, 1867 where the three separate colonies of the United Canadas, Nova Scotia, and New Brunswick were united into a single Dominion within the British Empire called Canada. Originally called Dominion Day (French: Le Jour de la Confédération), the holiday was renamed in 1982, the same year that the Canadian Constitution was patriated by the Canada Act 1982. Canada Day celebrations take place throughout the country, as well as in various locations around the world attended by Canadians living abroad.

Canada Day is often informally referred to as “Canada’s birthday”, particularly in the popular press. However, the term “birthday” can be seen as an oversimplification, as Canada Day is the anniversary of only one important national milestone on the way to the country’s full sovereignty, namely the joining on July 1, 1867, of the colonies of Canada, Nova Scotia, and New Brunswick into a wider British federation of four provinces (the colony of Canada being divided into the provinces of Ontario and Quebec upon Confederation). Canada became a “kingdom in its own right” within the British Empire commonly known as the Dominion of Canada.

Although a British dominion, Canada gained an increased level of political control and governance over its own affairs, the British parliament and Cabinet maintaining political control over certain areas, such as foreign affairs, national defence, and constitutional changes. Canada gradually gained increasing sovereignty over the years, notably with the passage of the Statute of Westminster in 1931, until finally becoming completely sovereign with the passing of the Constitution Act, 1982 which served to fully patriate the Canadian constitution.

Under the federal Holidays Act, Canada Day is observed on July 1, unless that date falls on a Sunday, in which case July 2 is the statutory holiday. Celebratory events will generally still take place on July 1, even though it is not the legal holiday. If it falls on a weekend, businesses normally closed that day usually dedicate the following Monday as a day off.

♬ Imagine Dragons – Sharks

LYRIC

Hahaha!

Trouble
Blood is in the rocky waters
Hide away your sons and daughters
Eat you alive (Eat you alive)
Levels (Levels)
Better put your head on swivels (Swivels)
Dancing with the very devil (Devil)
Butter to knife (Butter to knife)
You think you’re better than them
Better than them
You think they’re really your friends
Really your friends
But when it comes to the end
To the еnd
You’re just the same as thеm
Same as them

So let it go, let it go
That’s the way that it goes
First you’re in, then you’re out
Everybody knows
You’re hot, then you’re cold
You’re a light in the dark
Just you wait and you’ll see
That you’re swimming with sharks

He’s coming to get you (woo-woo)He’s coming to get you, get you (woo)

Bubbles
Trying to see in doubles
Don’t you let them see your struggles
Hiding your tears
Crisis
Take advantage off your niceness
Cut you up on even slices
Prey on your fear

You think you’re better than them
Better than them (you think you’re better)
You think they’re really your friends
Really your friends
But when it comes to the end
To the end (oh, no)
You’re just the same as them
Same as them

So let it go, let it go
That’s the way that it goes
First you’re in, then you’re out
Everybody knows
You’re hot, then you’re cold
You’re a light in the dark
Just you wait and you’ll see
That you’re swimming with sharks

Your blood is pumping (he’s coming to get you)
Don’t take it from me (woo-woo)
Your blood is pumping (he’s coming to get you, get you)
Don’t take it from me
Your blood is pumping (he’s coming to get you, get you)
Don’t take it from me
Your blood is pumping (he’s coming to get you, get you)
Don’t take it from me

Everytime my heart is beating
I can feel the recipe
I wonder if my day is gonna blame it on the entropy
My blood is pumping, I can see the end is right infront of me
Don’t take it from me, I could be everything
Everyday (Sharks!)
Don’t take it from me
My blood is pumping, my blood is pumping (Sharks!)
Don’t take it from me, I could be everything
Everything

So let it go, let it go
That’s the way that it goes
First you’re in, then you’re out
Everybody knows
You’re hot, then you’re cold
You’re a light in the dark
Just you wait and you’ll see
That you’re swimming with sharks

Your blood is pumping (he’s coming to get you)
Don’t take it from me (woo-woo)
Your blood is pumping (he’s coming to get you, get you)
Don’t take it from me
Your blood is pumping (he’s coming to get you)
Don’t take it from me
Your blood is pumping (he’s coming to get you, get you)
Don’t take it from me