Fed To End QT In December: Will Bitcoin Mirror The Massive Price Crash From L...
Bitcoin has not grown at the rapid rate expected so far in the cycle, and some have blamed this on the fact that the Federal Reserve has been practicing quantitative tightening. This refers to a period when the central bank is reducing its money supply in a bid to reel in excess liquidity. As a result, buying power seems to have fallen as there isn’t enough liquidity flowing into risk assets such as Bitcoin. However, this could all be changing very soon as the Fed begins to change its stance. Quantitative Easing Could Bring About More Liquidity After a long stretch of quantitative....
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The Mirror Protocol now accepts any contributor as long as they have an Ethereum address and wallet. Ethereum-based decentralized blogging platform Mirror has opened its doors to the wider public after months of running vote-based contributions only.Mirror was launched in December 2020 to enable selected writers to publish on the decentralized blogging platform. Contributors could gain access by getting voted for in weekly competitions using the platform’s native token WRITE, with just ten content creators selected per week.In an announcement on Oct. 6, Mirror stated that it has now done....
Strategy (formerly MicroStrategy) has been in the headlines recently following the Bitcoin price crash into the $84,000 territory. The market crash had put it dangerously close to the company’s average buy price of $74,443, with only a 30% crash separating the company’s massive 649,870 BTC holding from being in the red. This has led the […]
Vaurum, an institutional-grade exchange platform for bitcoin investors, has changed its name to Mirror. The Palo Alto-based company aims to build out a 'mirror' of the traditional financial system by providing more liquidity to bitcoin markets. In a blog post published today about the rebranding, Mirror presented its platform as one that would include several advanced services including escrow-based trading and liquidity. Mirror also announced some service consolidation that it said will allow the company to leverage technology it is building to develop cryptocurrency into a more advanced....
Crypto analyst Crypto Waterman, who predicted the Bitcoin price action with Chinese Astrology, has revealed when the flagship crypto will surge alongside altcoins. This comes as BTC looks to rebound from its recent crash to as low as $81,000. Analyst Reveals When The Bitcoin Price Will Surge In an X post, Crypto Waterman predicted that the Bitcoin price would surge from December 5 after it bottoms between November 28 and 29, when Mercury retrograde ends. He further remarked that there will be high swings up and down between November 29 and December 5, noting that the current market....
Cardano (ADA) has not been left out of the massive flash crash that just occurred throughout the market. What seemed to be a good day for bitcoin as El Salvador’s “Bitcoin Day” began has now turned to nothing short of a nightmarish market opening. The crash saw bitcoin drop $6K in only a matter of hours. While the general altcoin markets have recorded crashes as high as over 20% in the same timeframe. With altcoins following bitcoin closely, the price of the ADA shows similar movement patterns to BTC following the flash crash. The number 1 crypto coin fell to the mid-$40K, taking the whole....