When Bitcoin prices dropped to a 2 year low due to FTX filing for Chapter 11 bankruptcy, long term holders of the cryptocurrency stood strong. The most recent Digital asset crash was led by Sam Bankman-Fried, and has been termed as the most damaging event in crypto history. With FTX’s collapse, many other contagions spread…
According to the BIS study, an increase in Bitcoin’s value leads to more involvement from retail investors, which subsequently causes a decrease in the price when it falls. The Swiss-based Bank of International Settlements (BIS) recently surveyed retail investors on how they use crypto exchange apps. They found that a wide majority–one third–of those surveyed…
Since its debut in a 2008 whitepaper, Bitcoin (BTCUSD) has generated a lot of attention and news. The cryptocurrency’s supporters see it as the dawning of a new and just monetary system. Critics highlight the crypto’s involvement in criminal activities and the lack of legal standing as evidence that it is “rat poison squared.” The…