Bitcoins New Capital Inflow: 16.7% Signals Sustainable Growth
The 16.7% capital rotation of Bitcoin indicates a healthy flow of new entrants into this market and a more mature crypto market sector.
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The 16.7% capital rotation of Bitcoin indicates a healthy flow of new entrants into this market and a more mature crypto market sector.
This represents a 15x increase compared to the S&P 500s year-to-date returns.
In recent discussions within the cryptocurrency community, the popular meme coin trend has taken center stage, reflecting the ongoing crypto gamble mindset prevalent among investors. According to data from Santiment, year-to-date (YTD) discussions surrounding meme coins have reached a new high, illustrating the growing interest and hype surrounding these speculative assets. Meme coins, characterized by [...]
Bitcoin's hot capital increase to $39.1 billion marks a 92% rise in short-term activity and is proof of renewed interest. Most BTC holders remain in profit.
Steve Hanke, professor of applied economics at Johns Hopkins University, has criticized bitcoin, stating it is not a currency. The economist, known for his vocal opinions about crypto and for the promotion of dollarization initiatives in Latam, blasted bitcoin, saying it has a “fundamental value of zero,” and that it is a “highly speculative asset.” [...]
The post Steve Hanke Blasts Bitcoin: It Is ‘Not a Currency’ and Has a ‘Fundamental Value of Zero’ appeared first on Crypto Breaking News.
The Central Bank of Bolivia is now selling dollars directly to citizens in order to curb what it is calling a speculative attack that has increased the demand of the population for foreign currency. This rise in demand has been caused by several factors which led the population to believe there might be a devaluation [...]
The post Central Bank of Bolivia Selling Dollars Directly to Citizens as Devaluation Fears Rise appeared first on Crypto Breaking News.
The comments come as Ethereum and Cardano are soon undergoing significant upgrades, while Bitcoin has remained largely unaltered.
In a not-really far off past, a few top colleges around the United States concluded the time had come to embrace the most recent scourge worked at the convergence of software engineering and money financial matters: digital currency. At their center, cryptographic forms of money are a crossbreed between theoretical resources, whose whole worth is … Continue reading Speculative blockchain assets are not meant for celebration…
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has outlined a “very real economic difference” between crypto like bitcoin and fiat currencies like the U.S. dollar. “You have a whole central bank, and support for one currency, generally per economic region,” the SEC chief noted, adding that we don’t have the same in bitcoin. [...]
The post SEC Chair Gary Gensler Outlines Very Real Economic Difference Between Bitcoin and US Dollar appeared first on Crypto Breaking News.
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