Bitcoin back at $67,000 – High volatility is the hallmark of the run-up to the halving Morinda News


If you start the week with a price of $72,000, it settles back down to around $67,000. Volatility was the hallmark ahead of the Bitcoin halving, the largest scarcity event within the protocol in which the reward for each block mined is halved. Volatility was the hallmark last month. See the table below.

BTC chart

“We can see every day that long-term investors who typically hold their Bitcoins for at least six months are exiting the market. This is a sign of profit-taking that precedes larger declines,” estimates Fernando Pereira, an analyst at Bitget.

US dollar liquidity has reportedly deteriorated in recent weeks, which could create short-term headwinds for Bitcoin. Manuel Villegas, digital asset analyst at Julius Baer, ​​believes that average prices have remained unchanged in recent weeks, but volatility has been significantly high. Nevertheless, in his view, the April halving is likely to exacerbate Bitcoin supply constraints. “While deteriorating US dollar liquidity may pose some hurdles in the short term, the imbalance between supply and demand will continue to drive prices in the medium and long term, especially after the halving,” he points out.

Villegas argues that prices in the crypto market have been supported by the minting of stablecoins. “Their market capitalization has increased to approximately $151 billion, or 6% of total digital assets. Tokenized forms of money are increasing, and this is happening quickly,” he adds.

The Julius Baer expert recalls the increased institutional interest in Bitcoin as some of the largest investment banks and hedge funds have begun their journey into the US ETF market.


Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

mother sex videos desipapa,com suzuka-sama's servant hentai comics in english سكس مصرى خفى تيسا لين goan sexy girls hindi nangi sexy video hot sexy mms video porn mujra xx x vedeos indaxnxx indian porn vidio www.xnxx telugu sixe video hinde xvideozhot sex film nepali chut ki chudai hindi me hot babe having sex x videos in india aloha free sex videos indion couple xxx video كس نورهان سكس تقبيل xvideos9 bengali boudi 3x 相互オナニー 旦那不在の3日間パンストtバックで誘惑してくる人妻に即ハメ中出しした件。 saimin manga cast aoi by sanagi torajirou