Fed To End QT In December: Will Bitcoin Mirror The Massive Price Crash From L...
Bitcoin has not grown at the rapid rate expected so far in the cycle, and some have blamed this on the fact that the Federal Reserve has been practicing quantitative tightening. This refers to a period when the central bank is reducing its money supply in a bid to reel in excess liquidity. As a result, buying power seems to have fallen as there isn’t enough liquidity flowing into risk assets such as Bitcoin. However, this could all be changing very soon as the Fed begins to change its stance. Quantitative Easing Could Bring About More Liquidity After a long stretch of quantitative....
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The Mirror Protocol now accepts any contributor as long as they have an Ethereum address and wallet. Ethereum-based decentralized blogging platform Mirror has opened its doors to the wider public after months of running vote-based contributions only.Mirror was launched in December 2020 to enable selected writers to publish on the decentralized blogging platform. Contributors could gain access by getting voted for in weekly competitions using the platform’s native token WRITE, with just ten content creators selected per week.In an announcement on Oct. 6, Mirror stated that it has now done....
Strategy (formerly MicroStrategy) has been in the headlines recently following the Bitcoin price crash into the $84,000 territory. The market crash had put it dangerously close to the company’s average buy price of $74,443, with only a 30% crash separating the company’s massive 649,870 BTC holding from being in the red. This has led the […]
On average, December is a positive month for the Dogecoin price, given that some of its wildest rallies have happened during the last month of the year. However, there are still instances where the Dogecoin price has seen major crashes in the month of December, and that could play out once again here. Using data […]
Vaurum, an institutional-grade exchange platform for bitcoin investors, has changed its name to Mirror. The Palo Alto-based company aims to build out a 'mirror' of the traditional financial system by providing more liquidity to bitcoin markets. In a blog post published today about the rebranding, Mirror presented its platform as one that would include several advanced services including escrow-based trading and liquidity. Mirror also announced some service consolidation that it said will allow the company to leverage technology it is building to develop cryptocurrency into a more advanced....
Over the past week, the Bitcoin price had its best performance since the infamous October 10 downturn, which led to the largest liquidation event in crypto history. The premier cryptocurrency seems to be on a recovery path, returning above the $90,000 mark on Wednesday, November 26. Despite the several calls of the bear market in recent weeks, the crowd has returned with hopes of the BTC bull run resuming. However, a prominent on-chain analyst has come forward with an interesting analysis of the current Bitcoin price outlook. BTC Price To Continue Within $70,000 – $90,000 Zone:....