Crypto Investor Buying Power Just Reached A 6-Month High, What This Means
For the crypto market to fully enter another epic bull run, investors must be willing to purchase digital assets in large quantities. After a long stretch of abysmal performance, it looks like crypto investors are finally starting to believe in the market as they begin to pool their buying power to enter back into the market. Crypto Buying Power At 6-Month Highs An interesting development reported by the on-chain data tracker Santiment is the accumulation of Tether’s USDT stablecoin by crypto investors. As Santiment points out, the total amount of USDT being held on exchanges saw a notable....
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Whales with USDT holdings of $10,000 to $10 million added $1.06 billion worth of Tether to their wallets over the past month, increasing their buying power by 7%. Bitcoin (BTC) price struggled to overcome $40,000 resistance over the weekend and currently trading just above $38,000. At a time when BTC is hovering at a 40% discount from all-time highs, whales have started accumulating more stablecoins.According to data from Santiment, stablecoin whales with wallet holdings of 10,000 to 10 million Tether (USDT) have accumulated over $1 billion in buying power in the past month. The data....
By now, Bitcoin has grown to the point where crypto investors do not expect very large returns from it and are now looking toward altcoins that could provide the kind of returns they seek. However, with thousands of altcoins circulating in the crypto market, it can become quite hard to pick the coins that could end up doing well. So here are five altcoins that are well-positioned to do well in the next bull market that could potentially 20x your crypto portfolio. Lido DAO (LDO) Is A Top Crypto Contender Lido DAO (LDO) has grown rapidly to dominate the Ethereum liquid staking game,....
What price high must Bitcoin hit to account for the past three years of U.S. dollar inflation? Bitcoin's (BTC) price rose to almost $20,000 in 2017 before losing more than 80% of its value at the end of the ICO boom. In the years since, the asset has never again come close to these prolific price highs — until now. Crypto's first currency is once again trading a few percentage points away from its previous milestone as of press time.While crossing $20K may soon be celebrated as a psychologically significant threshold, Bitcoin will not actually reach its all time high in terms of buying....
Part of this article appears in Issue 20. In his pocket, Joe has an old leather wallet. It contains enough banknotes to buy him a brand new wallet of a better model he saw in a magazine. This buying power is exclusive to him, who alone can use those bills to buy something. Likewise, if he transfers them to another person, then instead of him, only this other person will own their buying power. However, although Joe's transferring away his banknotes can always transfer along their control, it could never transfer along their whole property, which is not only his. The bills, as possibly....
Taking U.S. dollar devaluation into account, Gold has still not reached the all-time price high it set in 1980. Gold bug and Bitcoin (BTC) skeptic Peter Schiff was just 17 years old when the yellow metal set its true all-time price high. Meanwhile, Bitcoin, a much younger asset, sits close to its inflation-adjusted all-time high, or ATH, after just three years of downward pressure.Adjusted for inflation, gold reached a price of $678 U.S. dollars in 1980, according to a breakdown from Visual Capitalist. Accounting for inflation, based on calculations from Officialdata .org, $678 in 1980....