Saturday, March 25, 2023
No Result
View All Result
CONTACT
First Crypto News
  • News
  • Bitcoin
  • Ethereum
  • Industry
  • Market Updates
  • Price
  • Coins
  • Press Release
  • News
  • Bitcoin
  • Ethereum
  • Industry
  • Market Updates
  • Price
  • Coins
  • Press Release
No Result
View All Result
First Crypto News
No Result
View All Result

The “big ones” are already buying

by firstcryptonews
July 3, 2020
in Coins
The “big ones” are already buying

The US technology stocks index Nadsaq 100 has reached new highs in the past few days – and has thus quickly offset the interim losses from the corona crisis. Bitcoin has long since digested the corona crash, but it is still a long way from its record high. For brave investors, however, this is exactly the opportunity.

Bitcoin has already caught up with around 140 percent of its crisis low in March, repeatedly targeting the $ 10,000 mark. A remarkable performance, and yet the price is still around 50 percent below the previous all-time high in December 2017 of around $ 20,000.

Crisis protection and “FOMO”

At this level, however, an exciting trend can be observed: Especially among institutional investors, interest seems to be picking up again noticeably. According to data from the financial service provider Fidelity, around a third of institutional investors worldwide are already active in the crypto market. The majority of them are involved in Bitcoin and on the spot market.

The crypto asset manager Grayscale alone bought around a third of all newly created bitcoins on behalf of its customers in Q1 – and the trend has continued to rise since then, as has the inflow of funds in recent months.

There are two possible explanations for this development: On the one hand, investors could buy bitcoin as a hedge against rising inflation in euros, dollars or other fiat currencies. As a “store of value” or “digital gold”, Bitcoin could fully exploit its strengths in such a scenario – just as in the case of political or social conflicts.

On the other hand, the fear seems to be great of missing the next strong upward movement. And the chances are good – especially with a view of the chart and technical indicators (keyword “halving”). “Fear of missing out”, FOMO for short, is particularly pronounced on the crypto market and has always provided an extra boost in the past.

Chance of Bitcoin Boom 2.0

Many small investors are still hesitating – the historical development of Bitcoin shows that once it gets started, things can happen very quickly. In specific cases, this means that if a sustainable leap above the $ 10,000 mark, which is technically and psychologically extremely important, there is a good chance of a walk towards $ 12,000 – and in the medium and long term also at an all-time high.

Related Posts

SEC Seeks Court’s Permission To Exclude Ripple Expert Testimonies

SEC Seeks Court’s Permission To Exclude Ripple Expert Testimonies

by firstcryptonews
August 26, 2022
0

The U.S. Securities and Exchange Commission (SEC) has filed a request to submit one lengthy reply for excluding the Defendants’...

What traders need to know about the evolving Ethereum-Bitcoin relationship

What traders need to know about the evolving Ethereum-Bitcoin relationship

by firstcryptonews
April 26, 2021
0

Ethereum’s price action over the last 72 hours or so has been very topsy-turvy. While the aforementioned period saw ETH...

Coinbase Insiders Partially Liquidate Their COIN Stock Holdings Shortly after Listing

Coinbase Insiders Partially Liquidate Their COIN Stock Holdings Shortly after Listing

by firstcryptonews
April 20, 2021
0

While there’s been a lot of noise around the pump and dump by Coinbase insiders and executives, it turns out...

Bittrex to remove the U.S. markets for top privacy coins including Monero, Zcash and Dash

Bittrex to remove the U.S. markets for top privacy coins including Monero, Zcash and Dash

by firstcryptonews
January 2, 2021
0

Bittrex announced on Dec. 29 that its exchange will be removing the U.S. markets for the three of the biggest...

Brad Garlinghouse Open to Move Ripple to Another Country

Brad Garlinghouse Open to Move Ripple to Another Country

by firstcryptonews
October 14, 2020
0

Brad Garlinghouse, Co-founder and CEO of one of the biggest crypto-blockchain companies in the world, Ripple, has expressed his concerns...

Cardano’s Winning Streak Continues As ADA Overtakes Litecoin To Become Seventh-Largest Crypto

Cardano’s Winning Streak Continues As ADA Overtakes Litecoin To Become Seventh-Largest Crypto

by firstcryptonews
July 8, 2020
0

This week has started quite well for Cardano. The blockchain’s native cryptocurrency, ADA, is now the seventh-biggest crypto by market...

Next Post
“I’m Not Building Anything On Ethereum”, Says Tesla CEO Elon Musk

“I’m Not Building Anything On Ethereum”, Says Tesla CEO Elon Musk

Leave a Reply Cancel reply

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

Recommended

Binance’s first-ever launchpad token is taking shape, and why are we more bullish than ever?

Binance’s first-ever launchpad token is taking shape, and why are we more bullish than ever?

2 months ago
First-ever largest NFT, GameFi and Metaverse 2022 in Southeast Asia happening at Cove Manila Philippines

First-ever largest NFT, GameFi and Metaverse 2022 in Southeast Asia happening at Cove Manila Philippines

11 months ago
CPUcoin to Launch IEO on Probit Exchange to Accelerate CPU/GPU Power Sharing Economy

CPUcoin to Launch IEO on Probit Exchange to Accelerate CPU/GPU Power Sharing Economy

4 years ago
Bullish Signal: South Korean Parliament Passes Law That Fully Legalizes Cryptocurrency Holding And Trading

Bullish Signal: South Korean Parliament Passes Law That Fully Legalizes Cryptocurrency Holding And Trading

3 years ago
dappatoz

Blockchain Applications made Simpler with Dappatoz

2 years ago
Exclusive Mona Lisa Licensed NFTs To Release In 3D and Augmented Reality on ElmonX

Exclusive Mona Lisa Licensed NFTs To Release In 3D and Augmented Reality on ElmonX

1 month ago

First Crypto News

First Crypto News

First Crypto News is the Fastest Crypto News Portal. We Bring the Best and We Bring it Fast.

Bitcoin

Amid Chinese Crackdown, America’s Foundry USA Mining Pool Enters Top Ten Spot

Amid Chinese Crackdown, America’s Foundry USA Mining Pool Enters Top Ten Spot

June 21, 2021

Recent News

Interest-Bearing Bonds-Backed Tokens: Generate yield using tokens backed by sovereign bonds

Interest-Bearing Bonds-Backed Tokens: Generate yield using tokens backed by sovereign bonds

January 16, 2023

Press Release

Exclusive “The Starry Night Licensed NFTs” To Release  In 3D and Augmented Reality on ElmonX

Exclusive “The Starry Night Licensed NFTs” To Release In 3D and Augmented Reality on ElmonX

March 24, 2023

© 2020 First Crypto News

No Result
View All Result
  • Home
  • World
  • Science
  • Tech

© 2020 First Crypto News