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Another clear confirmation that USDT printer and bitcoin price are not directly correlated. But in general, dollar printing happens most often in a bull market.
MicroStrategy representative Michael Saylor recalls how the rates of key assets have changed since August 10, 2020, when his company began buying Bitcoin.
Spoiler: BTC showed much more attractive returns compared to the S&P500 and Nasdaq indices, as well as precious metals.
As a result, Saylor recommends “never bet against Bitcoin.”
The head of Binance crypto exchange Changpeng Zhao said that most people's thoughts are mistakenly focused on a linear scale instead of a logarithmic scale. Accordingly, crypto investors need to change their approach in assessing asset prospects and be more patient with short-term collapses on the chart, counting on the long term.
As an illustration, the billionaire brought the corresponding Bitcoin rate chart. And as you can see, it is the logarithmic scale (in orange) here that shows more promising behavior of BTC.
So it is possible to get involved with cryptocurrency. The main thing is to be ready to wait.
The return on shares of many public mining companies that mine BTC has outperformed the corresponding figure for the cryptocurrency itself since the beginning of the year. The result of the change in value during this period of time is indicated in the right column.
As you can see, buying shares of Northern Data AG on January 1 would have brought about a 300 percent profit by today. Not bad.
This morning, another hashrate record, that is, total computing power, was set on the Bitcoin network. The indicator jumped to 531 exahash per second, which indicates peak activity of miners and their equipment.
One of the few graphs that shows constant growth in the cryptocurrency industry is the number of holders of the stETH token. We are talking about the equivalent of ethers awarded to coin stakers through the Lido platform.
In September, the figure has already increased by approximately 10 thousand units. So there are plenty of people willing to stake ETH.
At the moment, XRP is the most traded altcoin on the US market in 2023, and the Ripple token was also able to surpass the recent leader in the person of SOL.
Obviously, the verdict of the court, which did not recognize XRP as a security in mid-July, makes itself felt here.
Last Friday, the number of views on the Bitcoin page on Wikipedia reached 7,830, which was a record for 2023. Analysts believe that many people are becoming interested in cryptocurrencies given the possible approval of a BTC ETF in the near future.
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Last updated 2 months ago
Your easy, fun crypto trading app for buying and trading any crypto on the market
Last updated 1 month, 3 weeks ago
Turn your endless taps into a financial tool.
Join @tapswap_bot
Collaboration - @taping_Guru
Last updated 1 week ago