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Inflation Rates to be Normalised in 2023, Will this Ignite a Bitcoin Bull Market Then?
The FOMC meeting is fast approaching and the entire world is pretty much eager to know the updated inflation rates. The rates in the past 2 months have broken the record of being the highest in the past 40 years, while the previous rise also marked the highest single-spike of all time. Therefore as per the experts, the crypto space is expected to be volatile throughout the week. The BTC price plunge earlier was ignited by multiple events like LUNA-UST, Celsius, 3AC, etc, & later fuelled by FED rates. Now when the prices are attempting to make a move towards […]
236K BTC Sold by Large Institutions Since Terra’s Implosion in May
Cryptocurrency In a recent Twitter thread, Arcane Research analyst Vetle Lunde revealed how many Bitcoin institutional investors had sold since Terra’s carnage kicked in, thus tanking the whole crypto market. In his estimate, Tesla sold 29,060 BTC at an average price of $32,209 in May. Cryptocurrency Forced Selling In Lunde’s view, massive institutional blow-ups in the past two months started from Terra’s collapse on May 10th – when Do Kown sold over 80K BTC to defend the UST peg. Since then, the contagion has spread quickly across the industry and deepened the selling pressure, leading to 236,237 BTC being sold […]
Finnish Customs Finally Sold ₿1,889 Held Since 2016
Cryptocurrency Reading Time: 2 minutes Finnish customs has sold ₿1,889 it has held for over six years The haul came from multiple dar wek drug busts The proceeds of €46.5 million will be donated to Ukraine Finnish customs have finally sold a huge bitcoin haul it has held since 2016, saying that the proceeds of €46.5 million ($47.35 million) will be donated to Ukraine in its battle against Russia. The customs service had intended to sell the bitcoin haul at the peak of the bull run in 2021 but never got clearance to do so, meaning it missed out on […]
AAX Forrester Report: The Use of Bitcoin in Emerging Markets
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Betting Big on Bitcoin Was a Short-Term Mistake, Admits Scaramucci
Bitcoin Famous American financier Anthony Scaramucci has admitted that having massive exposure to Bitcoin was a mistake in the short run, as he and his investment company suffered significant losses amid the bear market. Bitcoin Bullish on Bitcoin in the Long-term In his latest CNBC interview, Scaramucci noted that while his Bitcoin exposure via his investment firm, SkyBridge Capital, has incurred significant losses amid the market downturn, he does not regret investing in the cryptocurrency. He stated that he firmly believes in Bitcoin’s long-term potential and intends to hold on to the digital asset for as long as possible. Scaramucci […]
Cryptocurrency Bear Market Opportunities: Cardano (ADA), Solana (SOL), and Degrain (DGRN)
The overlapping factors responsible for creating a bear market can rarely be predicted. A case study would be Bitcoin (BTC) which obtained an all-time high of $69,000 and then slumped recently to an $18,000 low. Declines like that, in any cryptocurrency, can prove damaging to investments if resources are not channeled to alternative profitable cryptocurrencies and opportunities. Here, we have explored three potentially profitable investment opportunities to enable you to stay afloat in the cryptocurrency bear market. Cardano (ADA) – one to watch Among cryptocurrencies that share a record of dropping in value recently, Cardano (ADA) stands out with a […]