The Currency Analytics
By Steven Anderson
Bitcoin (BTC) Pandemic Led Adoption of Cryptocurrency
Reportedly, the BTC deposits on exchanges are dropping. Those who have been bullish on Bitcoin are able to see these happen.
There is not much of talk happening about Bitcoin post the pandemic. The risk of the downside is continuing for Bitcoin and it just looks like the Whales are refusing to…
A trend defining move is expected for investors. Some of them have to state that the current price should not be considered either bullish or bearish, trends are yet to be…
The fear index, which dictates volatility is defined by several factors like risk aversion of market makers.
Sydney Ifergan, the crypto expert tweeted: “Market Makers are willing to accumulate and hold Bitcoin (BTC) and their unwillingness to sell is indicative of momentum gathering.”
There is less pressure from high-net worth Bitcoin holders for selling. The influence of high net worth BTC holders and institutions is very important when it comes to…
A pandemic led adoption of cryptocurrency is very obvious. Several major financial institutions based on traditional model are already reeling down. They are struggling.
Forbes, recently published that a pre-pandemic demand was speculative. People were able to see the growth of BTC in the past.
People are considering facts like fixed circulation and that BTC will not be debased and lot of other unique qualities to BTC.
High-Profile and well-established investors are looking at BTC as a potential hedge versus inflation.