Market Cap: $2,530,072,452,227
24h Vol: $137,003,471,702
Cryptocurrencies: 28615
Markets: 116368
Cryptocurrencies: 28615
Markets: 116368
Market Cap: $2,530,072,452,227     
24h Vol: $137,003,471,702
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.
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