Bitcoin’s dearth of fresh investors matters more than Strategy’s sale, Citi says
Strategy’s bitcoin sale may have rattled markets, but the bigger issue is missing demand from new buyers, Citi said.
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Strategy’s bitcoin sale may have rattled markets, but the bigger issue is missing demand from new buyers, Citi said.
The figure is from a theoretical model proposed by Greg Foss in 2021 that treats bitcoin as a credit default swap on G20 sovereign bonds.
Evin McMullen’s view on AI agents disrupting Google’s and Facebook’s business model was previously shared by Cardano Founder Charles Hoskinson and Cloudflare CSO Stephanie Cohen.
Markets now imply a 66% chance bitcoin falls below $55,000 and a coin-flip chance of sub-$50,000 prices before year-end.
The jump signals return of fear after two months of calm market sentiment.
XRP lost another major support level on heavy selling, with traders now focused on whether buyers can defend the $1.20 area after a 15-week low.
The single biggest unwind was a $59.67 million BTC-USDT long on HTX.
BTC plunged 6.4% to a 24-hour low of $65,708 and ether broke below $1,900 in Asian trading on Wednesday, just hours after the MSCI All Country World Index set a fresh all-time high on the AI rally.
The company plans to offer stablecoin, weekend and holiday settlement as demand grows for real-time movement of money.
After a brief period in which FPGAs were the most efficient mining hardware on the market, machines built with application specific integrated circuits (ASIC) began to dominate the network in 2012 and 2013. ASICs are designed specifically for one purpose and optimized to do that operation with incredible speed and efficiency-in this case, mining bitcoin. The hardware upgrade cycle has […]