$117,890.00
6.21%$3,007.99
8.30%$2.59
6.72%$693.67
3.11%$165.68
5.42%$0.999897
0.01%$0.199485
10.35%$0.295839
1.45%$3,008.15
8.37%$0.696544
12.28%$117,657.00
6.02%$45.37
9.31%$3,630.44
8.33%$3.53
12.01%$15.53
8.62%$524.50
2.58%$0.306884
5.98%$21.11
8.75%$0.199271
13.85%$9.01
0.24%$3,224.52
8.30%$0.0000136
9.18%$3,010.25
8.37%$0.999903
0.02%$3.00
4.35%$96.21
6.25%$46.87
0.50%$1.001
0.10%$329.55
0.55%$3.98
9.39%$117,869.00
6.23%$0.00001293
17.26%$4.61
4.00%$1.001
0.04%$8.85
6.29%$312.71
5.16%$0.518572
10.21%$385.82
10.23%$5.01
9.14%$2.58
9.40%$1.18
-0.02%$0.099186
4.39%$49.71
2.55%$5.52
6.91%$201.52
5.64%$0.917498
9.05%$18.70
6.00%$1.00
0.00%$1.059
0.01%$0.087808
8.33%$0.351415
22.26%$1.00
0.01%$0.64119
6.38%$4.70
8.65%$0.02490591
10.89%$0.426824
19.65%$0.225742
8.52%$10.14
10.60%$0.76208
8.66%$3.82
12.37%$0.224342
15.79%$16.23
1.19%$1.12
22.45%$4.46
0.06%$0.00002419
8.77%$3,006.41
8.29%$0.085069
3.38%$2.65
8.60%$0.32141
21.94%$117,285.00
6.04%$114.32
3.64%$4.76
3.45%$176.75
5.89%$1.68
10.18%$0.500689
9.28%$0.999791
-0.03%$11.41
2.65%$0.998734
-0.02%$3,150.39
8.19%$3,427.57
8.22%$1.38
20.66%$1.00
0.07%$1.91
13.51%$0.02075014
14.16%$1.28
3.54%$12.83
16.16%$0.691255
17.82%$1.84
13.53%$0.073371
6.62%$0.01691065
4.11%$0.758977
9.03%$3,218.20
8.80%$3,158.76
8.24%$0.348315
9.30%$117,597.00
6.21%$1.00
-0.00%$1.064
10.83%$13.23
-3.95%$3.59
13.48%$3,161.68
8.22%$0.00010359
10.34%$1.00
0.01%$0.100263
11.17%$0.515352
14.19%$117,636.00
6.21%$1.11
-0.03%$0.161777
6.05%$3,335.25
0.33%$119,080.00
6.38%$694.38
3.25%$0.999308
-0.03%$0.566283
55.23%$3,242.85
8.50%$2.55
6.61%$0.640433
14.25%$0.549804
5.54%$185.83
5.49%$216.80
5.65%$0.820893
10.57%$3,329.51
0.34%$0.01765266
14.84%$0.870033
10.58%$22.67
12.08%$2.74
11.75%$0.0151732
16.33%$0.188035
8.40%$0.294413
9.56%$111.75
0.01%$10.74
0.01%$43.41
6.67%$2.01
5.16%$0.812323
11.50%$0.119005
12.45%$3,003.34
8.20%$0.998308
-0.01%$4.06
9.89%$45.23
9.29%$3,216.95
8.27%$0.00000066
5.13%$0.247422
7.65%$0.00000166
30.72%$1.091
0.55%$0.602893
7.36%$3,131.63
7.02%$117,051.00
5.78%$3,007.21
8.31%$0.0091598
6.35%$117,611.00
6.18%$0.381947
8.96%$0.309411
8.78%$0.426571
5.48%$0.059096
17.10%$0.99773
-0.01%$0.538738
4.47%$0.554017
7.80%$117,879.00
6.27%$1.73
7.07%$1.57
11.46%$0.999259
0.20%$0.679449
7.52%$0.14872
21.81%$26.77
5.13%$45.29
9.35%$0.01506557
7.58%$0.199354
10.33%$3,007.14
8.24%$0.999747
0.02%$0.095974
23.57%$0.999102
0.15%$0.0083529
10.38%$0.00488059
11.47%$2.63
10.86%$0.637141
12.19%$1.26
15.62%$0.224879
0.43%$3,197.99
8.14%$0.425281
5.41%$8.03
3.10%$48.49
6.63%$6.39
8.86%$0.999897
0.01%$1.43
14.16%$1.001
0.06%$15.62
9.60%$0.443921
17.46%$0.00000045
0.71%$0.176443
12.73%$0.061048
-0.52%$0.060828
23.87%$3,317.43
8.26%$0.359982
13.38%$6.50
16.25%$2.54
11.50%$0.00454224
15.02%$0.00002105
8.34%$1.093
-0.01%$1.007
1.09%$0.156806
7.23%$1.69
9.06%$3,293.67
8.32%$0.389449
14.33%$0.04096861
8.69%$1.003
0.08%$0.547332
5.51%$116,320.00
5.24%$3,007.86
8.36%$3,001.78
8.16%$0.386742
15.17%$0.00721505
10.61%$1.00
0.01%$0.079181
15.30%$0.914428
16.22%$1.24
8.15%$0.260736
21.11%$2,983.56
7.40%$0.03630345
3.48%$0.787871
12.65%$0.00006495
8.57%$117,038.00
5.59%$181.31
5.63%$0.536908
5.98%$0.03461287
36.68%$0.01810001
2.90%$21.02
2.16%$1.24
10.31%$3,634.39
8.32%$127.49
7.44%$11.11
4.79%$0.225762
8.54%$0.99992
0.03%$0.772485
7.41%$0.319408
5.71%$0.00462206
15.50%$0.999537
0.02%$0.00372546
6.10%$1.00
-0.14%$0.999617
-0.00%$21.11
8.69%$0.673029
8.51%$25.73
8.85%$1.00
-0.03%$0.03007891
10.22%$117,585.00
5.98%$0.295027
22.51%$6.98
10.44%$0.115986
9.50%$2,367.53
6.23%$3,155.77
9.05%Reading
Bitcoin’s epic bull run was caught short yesterday as the coin plummeted in value by $3,000 in a single day.
Bitcoin’s bull run saw the price of Bitcoin rise from $12,900 to over $19,000 between October and November. But yesterday, Bitcoin’s price crashed all the way down to $16,400, marking a 15% decline in just 24 hours. But is there further pain on the way, or might the Bitcoin price rebound?
“The price of Bitcoin looks to have settled around the $17,000 mark for the moment, the sharp decline yesterday happened very quickly but levelled off just as quickly,” Lior Messika, managing director of Eden Block VC, a company focused on enabling a blockchain future, told Decrypt.
In other words, while hopes of an all-time high were quickly dashed, there might be reason to celebrate that Bitcoin isn’t about to embark on a price crash reminiscent of January 2018.
One reason for this optimism is that sophisticated investor interest in Bitcoin is still very young, and this interest promises to continue to grow.
“Bitcoin still has a lot more room to grow because it’s still early days of retail investor interest,” George Harrap, an early crypto entrepreneur, told Decrypt, adding that “a lot of this buying is not driven by small retail investors, it’s by sophisticated investors with a lot of money.”
That strong investor interest will not only serve to help Bitcoin recover a higher price, but it will continue to promote Bitcoin’s popularity as an asset.
Resting on the same logic of strong fundamentals buoyed by interest from wealthy investors, Tim Rainey, CFO of mining facilities provider Greenidge Generation, observed, “With institutional companies purchasing cryptocurrencies as a store of value or integrating them into their products or services, the current market rally has been driven by stronger fundamentals, unlike what we witnessed in 2017.”
Mainstream adoption—a long term goal for most Bitcoin supporters—might lie on the road paved by big investors.
According to Charles Gonzalez, regional director for multi-chain platform Komodo, “In 2017 we were all talking about adoption but now It feels like Bitcoin adoption is actually happening. PayPal and other major Fintechs are dipping their fingers in the BTC basket.”
The Bitcoin balance on all major crypto exchanges has fallen to levels not seen since August 2018—hitting a 27-month low—as noted by market insights platform Unfolded. The current balance on exchanges is 2.3 million Bitcoin, according to data from Glassnode. The total amount of Bitcoin on exchanges. Image. Glassnode The total amount of Bitcoin on all exchanges has been steadily increasing since 2014. It moved from about 350,000 Bitcoin to just under 3 million in January of this year, an increas...
What’s more, as giants of the financial world continue to invest in Bitcoin—MicroStrategy and Square as two flagship examples—Bitcoin can benefit from increased scarcity. “As more BTC is bought up, its scarcity will drive the price upwards. It’s the complete opposite of FIAT currencies which are currently struggling to retain their purchasing power,” Gonzalez added.
However, not everyone remains convinced about Bitcoin.
Peter Schiff, CEO of investment company Euro Pacific Capital, didn’t mince his words when reacting to the Bitcoin price crash.
Chinese police have seized a total of 194,774 Bitcoin—a total 1% of the Bitcoin total supply—over the PlusToken Ponzi scheme, as reported by The Block. In addition, they have also seized over 830,000 ETH, 1.4 million LTC, 27 million EOS, 74,000 DASH, 487 million XRP, 6 billion DOGE, 79,000 BCH, and 213,000 USDT. The PlusToken Ponzi scheme, which was first ruled on by a district court in China's Jiangsu province this September, reportedly began in May 2018. The scheme advertised a non-existent...
“Remember in every bubble those who don't participate always look like fools for missing out. It's only after the bubbles pop and the air comes out that the real fools are exposed,” Schiff said on Twitter.
So today as BTC got close to its ATH the price collapsed by 13% as the same scam of retail suckers with FOMO being duped by manipulative whales occurred. Inequality coefficient of BTC worse than North Korea where Kim owns most of the assets. 2% of whales control 98% of BTC. 11/n
— Nouriel Roubini (@Nouriel) November 26, 2020
Nouriel Roubini, professor of Economics at New York University’s Stern School of Business, went as far as to say that Bitcoin’s inequality coefficient is “worse than North Korea where Kim owns most of the assets,” adding that “2% of whales control 98% of Bitcoin.”
The one thing Bitcoin isn’t short on is controversy.
Bitcoin-based stablecoin blockchain Plasma has set the date for its much-anticipated XPL initial coin offering, or token sale, for July 17, keeping the project on track for its predicted mainnet launch by “late summer.” Following the sale, Plasma will gear up for its mainnet launch, which the firm told Decrypt will feature several unreleased stablecoins. The token sale comes following the Bitcoin sidechain attracting $1 billion worth of deposits, upsized from $500 million. Those who deposited to...
Chinese payments giant Ant Group is set to adopt Circle’s USDC stablecoin as part of its blockchain platform, Bloomberg reports. Ant operates Alipay, the most commonly used mobile payments platform in mainland China, which is also widely supported in neighboring Asian nations. It is thought to have roughly 1.6 billion user accounts, making it the world’s most popular mobile payments platform by a wide margin. It started life as an offshoot of Alibaba, one of China's largest online retailers and...
Popular Solana token launchpad Pump.fun confirmed the launch of its PUMP token via an initial coin offering on July 12, with an airdrop to follow. However, United States and United Kingdom citizens will not be able to participate in the token sale. After completing KYC, or know-your-customer, verification, users will be able to participate in the token sale on July 12 at 2 p.m. UTC, via the Pump.fun site, Bybit, Kraken, Bitget, MEXC, KuCoin, and Gate.io. The sale will finish on July 15, or once...
