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AibiemkaWill Bitcoin be priced at $100,000
In the first weeks of March, bitcoin broke all previously set price records. On Wednesday, March 13, the value of the coin exceeded $73,000, and its market capitalization approached $1.5 trillion. In ten years, bitcoin's value has grown by 107365.9%, which has never happened before in the market with any of the assets, including gold, platinum and oil. Naturally, the rapid growth of the VTS price is causing a lot of heated debates on whether the coin can set an all-time record by reachin...
AibiemkaAre cryptocurrencies a financial bubble?
Cryptocurrencies have experienced a rapid rise in popularity in recent years. Their decentralized nature, anonymity and potential for high returns are attracting more and more investments. However, along with this, there is growing concern among some experts about the overvaluation of digital assets and the sustainability of the cryptocurrency market.What is a market bubble?A market bubble is a situation in the market when the price of an asset significantly exceeds its real value, which soon...
AibiemkaTether blocked more than $1 billion in USDT crypto wallets
Hash Telegraph's sources report that Tether is actively blacklisting wallets and blocking users from accessing USDT stablecoins. Following the events of November 2017, when an unknown hacker stole more than $30 million in USDT stablecoins from a Tether Treasury wallet, the issuer of these stablecoins, Tether announced the release of a new version of its Omni Core software client capable of blocking assets and transactions from blacklisted cryptocurrency wallets. In December 2023, Tether ...
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AibiemkaWill Bitcoin be priced at $100,000
In the first weeks of March, bitcoin broke all previously set price records. On Wednesday, March 13, the value of the coin exceeded $73,000, and its market capitalization approached $1.5 trillion. In ten years, bitcoin's value has grown by 107365.9%, which has never happened before in the market with any of the assets, including gold, platinum and oil. Naturally, the rapid growth of the VTS price is causing a lot of heated debates on whether the coin can set an all-time record by reachin...
AibiemkaAre cryptocurrencies a financial bubble?
Cryptocurrencies have experienced a rapid rise in popularity in recent years. Their decentralized nature, anonymity and potential for high returns are attracting more and more investments. However, along with this, there is growing concern among some experts about the overvaluation of digital assets and the sustainability of the cryptocurrency market.What is a market bubble?A market bubble is a situation in the market when the price of an asset significantly exceeds its real value, which soon...
AibiemkaTether blocked more than $1 billion in USDT crypto wallets
Hash Telegraph's sources report that Tether is actively blacklisting wallets and blocking users from accessing USDT stablecoins. Following the events of November 2017, when an unknown hacker stole more than $30 million in USDT stablecoins from a Tether Treasury wallet, the issuer of these stablecoins, Tether announced the release of a new version of its Omni Core software client capable of blocking assets and transactions from blacklisted cryptocurrency wallets. In December 2023, Tether ...
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Wolfe Research analyst Rob Ginsberg said that bitcoin's unsuccessful attempts to overcome the $70,000 mark demonstrate the similarity of this cryptocurrency's behavior pattern to the assets of small-cap companies.
Rob Ginsberg highlighted several factors in an interview with CNBC. First, like small-cap stocks, bitcoin is subject to sharp price fluctuations. This is due to its relatively small market and less liquidity compared to the larger assets of the traditional financial market.
At the same time, investing in bitcoin is speculative in nature, as is the case with shares of small capitalization companies. Investors buy bitcoin in the hope of rapid price growth and are guided by short-term goals, rather than making long-term investment decisions based on the fundamental value of the BTC.
Rob Ginsberg added that the price of bitcoin, as well as the prices of small-cap stocks, is highly dependent on the general mood in the market, when positive news can lead to a sharp rise in the price of the asset, and negative news can lead to their fall.
The analyst believes that collectively, these similarities to small-cap stocks could prevent bitcoin from reaching and holding its market value at new all-time highs.
Now the market value of bitcoin fluctuates between $63,300-$64,780. BTC lost about 1% of its initial value over the day.
Wolfe Research analyst Rob Ginsberg said that bitcoin's unsuccessful attempts to overcome the $70,000 mark demonstrate the similarity of this cryptocurrency's behavior pattern to the assets of small-cap companies.
Rob Ginsberg highlighted several factors in an interview with CNBC. First, like small-cap stocks, bitcoin is subject to sharp price fluctuations. This is due to its relatively small market and less liquidity compared to the larger assets of the traditional financial market.
At the same time, investing in bitcoin is speculative in nature, as is the case with shares of small capitalization companies. Investors buy bitcoin in the hope of rapid price growth and are guided by short-term goals, rather than making long-term investment decisions based on the fundamental value of the BTC.
Rob Ginsberg added that the price of bitcoin, as well as the prices of small-cap stocks, is highly dependent on the general mood in the market, when positive news can lead to a sharp rise in the price of the asset, and negative news can lead to their fall.
The analyst believes that collectively, these similarities to small-cap stocks could prevent bitcoin from reaching and holding its market value at new all-time highs.
Now the market value of bitcoin fluctuates between $63,300-$64,780. BTC lost about 1% of its initial value over the day.
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