Market Cap: $2,690,561,703,467
24h Vol: $90,429,152,435
Cryptocurrencies: 30358
Markets: 109486
Cryptocurrencies: 30358
Markets: 109486
Market Cap: $2,690,561,703,467     
24h Vol: $90,429,152,435
Cryptela — Cryptocurrency News and Market Intelligence
Seeking Alpha 2021-02-01 03:46:00

Why The Bloom Is Off The Bitcoin Trade For Now

Why The Bloom Is Off The Bitcoin Trade For Now
Institutional demand seems weaker than advertised.The Grayscale carry trade, a significant source of institutional demand, has broken down recently.Tether drama is casting uncertainty on bitcoin investments.Friday's pop was a short-term phenomenon.I expect bitcoin to break below $30K in the next few weeks.
Advertise on Cryptela
Latest News

Videos

  • What is Basic Attention Token (BAT)? (EXPLAINED)

  • What is a Shiba Inu Coin & How Does it Work? Simply Explained!

  • Stock Market Vs Crypto Fundamentals! Which is the best? Explained!

  • 0x (ZRX): What is 0x? (ZRX) (EXPLAINED)