Big players of the Bitcoin community have started the bottom fishing making the most of Sunday’s market crash. Whales and miners show confidence in the BTC price going ahead.
Although the suspension of Huobi’s products is temporary, the news is expected to contribute to the growth of the existing fear that has gripped the cryptocurrency market in the past few weeks.
One company offers users a gateway to all of the leading digital exchanges like Binance, OKEx, KuCoin, Bitfinex, Poloniex. When using Atani, users do not fall foul of downtime or outages.
Alex Krüger believes the current market dip is a good entry point for those who have no knowledge of the space to get in on board.
This Bitcoin Pizza Day, Phemex is offering the developer a lucrative opportunity to deposit 10,000 BTC on the Earn Crypto platform, as a token of appreciation for his efforts in the mining space.
Catherine Wood, CEO of Ark Management, predicts that “Elon will come back and be part of [the Bitcoin] ecosystem”.
Leveraging blockchain technology, Holoride will create a premium in-car entertainment experience for content creators and users alike. Besides, the NFT integration will developers create specific utilities while retaining the value of their creations.
Both Sovryn and RSK network believe in the untapped potential power of Bitcoin, particularly in enabling the decentralized financial platforms through its huge market dominance.
According to Aya Kantorovich, head of institutional sales for FalconX, the over 30% spike in the price of Bitcoin within a few hours is a result of asset managers buying the current Bitcoin dip.
“Diamond Hands” is a popular meme by the “WallStreetBets” Reddit forum in reference to investors who believe that their investments will be eventually profitable and keep them holding even if the asset price drops.
BTC has once again tanked over 50% in high-volatile trading since its all-time high last month wiping off all the 2021 gains. However, the crypto has recovered back from its Wednesday low of $30,000.
In a report entitled “investment rationale for cryptocurrencies”, Wells Fargo mentioned that their decision was based on the stability and viability of crypto as an asset.
The series of events has pushed the global crypto market cap from the highest point of about $2.4 trillion in the past week to a low of $1.73 trillion.
The unique nature of crypto loans means that they carry a number of advantages over traditional forms of lending for both the lender and the borrower.
Markets are witnessing a selloff in Bitcoin and price appreciation in Digital Yuan due to funds shifting towards more stable cryptocurrencies backed by large nations.