A Crash Like Amazon’s? This Scenario Could Push Bitcoin Back To $10,000
Bitcoin (BTC), the leading cryptocurrency in the market, has experienced a significant decline since mid-August, resulting in a stagnant price within a newly formed range. This decline has occurred amidst what many believe is an extended bear market in cryptocurrency, causing concerns about the future of Bitcoin’s bull cycles. Bloomberg Intelligence’s Senior Macro Strategist, Mike McGlone, has drawn attention to the current similarities between BTC’s trajectory and the infamous crash of Amazon in the 2000s during the “Dot Com Bubble.” McGlone’s....
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Security is becoming more and more important in recent years,a s technology evolves at an accelerated pace. Most people use various services and platforms every day, without taking proper precautions to keep their information safe. Storing a secret crypto key in the cloud has never been a bright idea, and it was only a matter of time until a new type of attack was developed to steal this data. Despite there being multiple cloud-based storage solutions on the market right now, most people will use Amazon’s EC2 platform. Due to its relatively cheap price, and ease-of-use in terms of setting....
The CRS described the TerraUSD crash as a “run-like” scenario where holders started to doubt the reserves that back the dollar peg. The Congressional Research Service (CRS), a legislative agency that supports the United States Congress, has published a document that contains a rundown on algorithmic stablecoins and points out key factors to look at in the TerraUSD (UST) crash. In the report, the CRS described the UST crash as a “run-like” scenario and posited that there are policy issues connected to the risk of such events. According to the CRS, a “run” situation starts when holders are....
Doomsday scenarios are not very popular for an obvious reason, but now and then, it is important to consider what would happen if push came to shove. Bank of England posted their doomsday scenario, to reveal how UK banks would deal with a massive economic shock. While it is important to keep in mind most of these events will most likely not happen anytime soon, it gives valuable insights as to why Bitcoin is so important. Depending on who you pose the question to, banks will either be around for a very long time, or for a handful of years. This has lead to a scenario drafted by the Bank of....
This week, the rapper Snoop Dogg spoke about the crypto crash in an interview with CNBC on Tuesday and explained that he believes the cryptocurrency economy will bounce back. Snoop said that he feels like the crash “‘weeded’ out all of the people” that were not supposed to be in the space in the first place.
Snoop Says Crypto Crash Is Transitory and Great Choices Will Follow the Aftermath
Snoop Dogg thinks the current crypto crash is temporary and in time he believes the ecosystem will bounce back. Speaking with CNBC on Tuesday, the hip-hop recording....
Bitcoin is on the way back to the top, so far. After a massive crash that pulled the market down with it, the first cryptocurrency by market cap is showing some strength in the lower timeframes, and it’s making a push at critical resistance north of $40,000. At the time of writing, BTC trades at […]