Crypto

Cryptocurrency companies in Francophone Switzerland are holding up well against the crisis – Heidi.news

The cryptocurrency market is going through a particularly turbulent year. Although the month of July was a milder one – Bitcoin recorded its best performance since 2021 with a 19% gain in a single month – uncertainty remains, the economic context weighed down by the aftermath of the war in Ukraine is to blame. However, a quick look at the various companies in French-speaking Switzerland shows that this unfavorable situation does not have a detrimental effect on the morale of the players. On the other hand.

What are we talking about. In November 2021, Bitcoin reached its all-time high of over $67,000. It is currently developing around $22,000, a loss of more than 65%. It even briefly fell below the $18,000 mark in June. Other cryptocurrencies have followed a similar path, with the notable exception of Ethereum, which is benefiting from renewed investor interest fueled by the upcoming release of its biggest update. Under such conditions, you can usually expect companies dealing with cryptocurrencies to cut costs.

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