Bitcoin [BTC]: Investors’ return to BTC market may be attributed to multiple factors, says Tim Seymour

2019-5-29 19:30

Bitcoin’s [BTC] price surge has caught the eye of proponents and critics alike, with many supporters claiming that the next bull run has arrived. In the latest CNBC Fast Money segment, panelists discussed the significant rise of the world’s largest cryptocurrency, as well as the implications of the price rise.

The panelists stated that the Bitcoin summer was back as the cryptocurrency was close to hitting the $9000 mark for the first time since April 2018. There were also talks that investors were coming back into the world of digital assets, with speculation that FOMO, price increase and the positive atmosphere around the world’s largest cryptocurrency had contributed to the investor push.

Tim Seymour, Chief Investment Officer of Seymour Asset Management added that there are a lot of factors that can be attributed to Bitcoin’s 2019 growth, including the aforementioned FOMO and the change in supply dynamic in the Bitcoin ecosystem. He said,

“We are at a place where the weak sellers have left the market with another critical point being the Chinese Yuan vs Bitcoin graph. The graph if you look at it was inverted, marking a trend change in the world’s biggest cryptocurrency asset. People need to analyze the market other than just Bitcoin, Ethereum has gone up by 220 percent this year while Litecoin has gone up by a whopping 440 percent.”

Bitcoin’s price and market cap hike have resulted in vast amounts of the currency being moved across wallets and exchanges. On May 29, Bitcoins worth $12.5 billion were moved in block 578,327 and 578,328, with some of the fund transfers being linked to the Changpeng Zhao-led Binance. CZ had stated that the funds were being moved between Binance’s cold wallets, assuring users that there was no need to panic and that the funds were #SAFU.

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Источник: ambcrypto.com

btc bitcoin → Результатов: 126


Long-term Bitcoin holders resume accumulation, adding almost 70,000 BTC post-downturn

Quick Take Glassnode data suggests that long-term holders who have held Bitcoin (BTC) for over 155 days are actively accumulating after offloading around 1 million BTC since late 2023. This cohort, known for selling into profits when Bitcoin reaches new all-time highs, has increased its holdings by approximately 70,000 BTC from the cycle bottom.

2024-5-14 13:40


Dogecoin (DOGE), Arbdoge AI (AIDOGE), and Others Propel Meme Coin Momentum as Bitcoin (BTC) Surpasses $70,000

As Bitcoin (BTC) has recently surpassed the $70,000 mark, the meme coin sector has been reaping the benefits of trader profit distribution. Despite the polarizing opinions surrounding the existence of memecoins within the cryptocurrency space, this sector has been outperforming other competing altcoin groups over the past week.

2024-4-11 11:30


Bitcoin (BTC) Bulls Converge on Kelexo (KLXO) Crypto Lending: Shiba Inu (SHIB) and Litecoin (LTC) Enthusiasts Predict a 40X Surge

The recent surge in Bitcoin (BTC) to a new all-time high has captured the attention of investors and enthusiasts alike, drawing significant interest in the cryptocurrency market. Amidst the backdrop of Bitcoin (BTC) record-breaking performance, other cryptocurrencies such as Shiba Inu (SHIB) and Litecoin (LTC) are also witnessing heightened activity and community support.

2024-3-14 21:00


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