10 months ago
Date: 04 Aug 2022 - 06:44
The post Bitcoin May Not Form New Highs Hereafter Huge Wall of Worry Strikes the Investors appeared first on Coinpedia Fintech amp Cryptocurreny News Media Crypto GuideBitcoin price currently appears to have to withstand the upward pressure to a large extent as the price hovers close to the recent highs. After undergoing a steep descending trend for nearly 6 days the asset attempts to stabalize an upward trajectory without much involvement from bears. But the main concern lies where the bulls do not appear to be aggressive at the moment.In a recent update Tether appears to have resumed with their printing machine again. After halting generating new coins for more than a month nearly a billion new USDT was minted in the past 4 to 5 days. On the other hand the USDT price maintained its peg.nbspSource Messari.ioOn the other hand with the rise in circulation the crypto sharks appear to have begun accumulating the stablecoins like USDT amp USDC heavily. Despite the crypto markets displaying significant strength yet the sharks prefer to stockpile the stablecoins. Hence indicating disbelief in the current rally which is displaying constant swings on either side.nbspSource SantimentIn the last 2 to 3 weeks the holders holding 10K to 100K of USDT amp USDC have been increasing their holdings despite the top 2 cryptos registering highs above 24000 and 1700.nbspTherefore it can be considered disbelief in the current ongoing price movements and reluctance to buy in. Hence the traders may seek more stability to squash the Wall of Worry.nbspHowever in the meantime Bitcoins BTC price is assumed to consolidate lower for more time and hence the recent highs at 24650 may not be tested again in the near future.
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| USDT Market | Price | Change (24H) | Market Cap | Last 7 Days |
|---|---|---|---|---|
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39997.79 $ | 0 % | 760.32 Billion $ |  |
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3001.33 $ | 0 % | 360.05 Billion $ |  |
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1.001 $ | 0 % | 82.65 Billion $ |  |
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398.86 $ | 0 % | 59.29 Billion $ |  |
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1.004 $ | 0 % | 50.96 Billion $ |  |
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101.49 $ | 0 % | 33.28 Billion $ |  |
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0.122 $ | 0 % | 31.52 Billion $ |  |
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0.7024 $ | 0 % | 30.96 Billion $ |  |
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82.96 $ | 0 % | 29.44 Billion $ |  |
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0.9455 $ | 0 % | 29.42 Billion $ |  |
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Burn LUNA hashtags continue to gather stream on Twitter even as Terraform Labs creator Do Kwon made his intention clear to go ahead with the onchain governance proposal despite 92 voting 8216No in the online poll. On 16th May Kwon proposed the hard fork that would split into160two chains Terra and Terra Classic. The new 8230
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The tools toys and games available to teach kids about sound money and the Bitcoin network after all theyre the ones who will use it.
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President Joe Biden stated Wednesday that the U.S. economy had zero percent inflation in July following the latest CPI report. Biden is claiming that we saw zero percent inflation last month. But theres a zero percent chance thats the case. Inflation in July was 8.5 which is still a 40year high said a lawmaker. Bidens Zero Inflation Comment and ResponsesOn Wednesday President Joe Biden publicly st
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