Investors who firmly believe that “cryptocurrency is out of the bear market” may be disappointed next year, because according to Standard Chartered Bank, more troublesome situations may be yet to come, and the cryptocurrency market will still have room for a sharp decline. Eric Robertsen, global head of research at Standard Chartered Bank, wrote in …
The founder of Mobius Capital Partners and the legendary American fund manager “Mark Mobius” known as the “Godfather of Emerging Markets” said that there is still room for the cryptocurrency market to continue to fall. He expects that Bitcoin may fall back to 1 Ten thousand U.S. dollars. In an interview in Singapore on Monday, …
The U.S. Federal Reserve (Fed) raised interest rates again by 3 yards. Although it was in line with market expectations, Bitcoin rose to $20,705 at one point, but then took a dramatic turn, as Fed Chairman Jerome Powell released hawkish remarks, which hit the market against the Fed Hopes of raising interest rates will end, …
Fed raises interest rates by 3 yards again! Bitcoin closes below $20,000 mark Read More »
With the weakening of the cryptocurrency market, many people are worried that El Salvador, which has repeatedly purchased bitcoins by state power, has become more financially strapped. However, the anti-corruption agency recently revealed that El Salvador’s National Development Bank (BANDESAL) has consistently refused to provide details about the government’s purchase of bitcoin. El Salvador’s Anti-Corruption …
How much did “National Stud Bitcoin” cost? El Salvador government says ‘confidential’ Read More »
Ethereum co-founder Vitalik Buterin has criticized gold as a decentralized alternative to money, saying it is “pretty inconvenient” and “difficult to use”, especially when transacting with untrusted parties when. Vitalik Buterin also pointed out that gold “does not support secure storage options like multi-signature,” while stating that “gold adoption rates are lower than cryptocurrencies, so …
Data shows that Bitcoin’s reserves on exchanges have slipped to 12.2% of the total supply, and according to statistics, investors have withdrawn 123,500 Bitcoins from exchanges this month. According to Glassnode’s latest weekly report, the reduction in Bitcoin balances on exchanges is equivalent to 0.86% of the total supply. The relevant metric here is the …
Rishi Sunak, the former British Chancellor of the Exchequer, was elected leader of the Conservative Party on Monday and was determined to take over as Prime Minister of the United Kingdom. In addition to the heated discussion about his family background like a “victory group in life”, people in the currency circle also paid special …
Cathie Wood, the founder of ARK Invest and known as the “Goddess of Stocks”, has always been optimistic about Bitcoin’s prospects. She recently stated that she had been investing in Bitcoin as early as 2015. When Cathie Wood was a guest on the Podcast program “What Bitcoin Did” recently, he revealed that he had invested …
Paul Tudor Jones, an American billionaire investor and hedge fund boss, emphasized that despite the current turbulent market conditions in the cryptocurrency field, the value of cryptocurrencies such as Bitcoin will be much higher in the future. Jones said in an exclusive interview with CNBC’s Squawk Box on the 10th that if inflation can’t be …
According to Glassnode data, Bitcoin is currently in a historic “bear-to-bull” phase, a transition from a bear market to a bull market. A recent report from Glassnode shows that the correlation between Bitcoin’s price and “supply in profit” (which represents the absolute amount of Bitcoin currently in profit in a given network) often drops below …
Glassnode: Bitcoin is in the transition period of ‘bear-to-bull’ Read More »
