.nntaleb says what can quickly reduce $1.5 trillion cryptomarket value. Bitcoin $BTC
He has taken to Twitter to point out what he believes to be a major weakness of the cryptocurrency market.Taleb tweeted that currently, the overall worth of the crypto market is $1.5 trillion . However, if market participants sell from 1% to 4% of the crypto offered in it, this total market capitalization will drop by 50%, he claims in the tweet.
Mostly, this refers to Bitcoin, as the flagship cryptocurrency usually leads the way for the prices of other coins, making them correlated with it – they fall when BTC drops and they rise when Bitcoin goes up.— Nassim Nicholas Taleb Taleb is known for his stable and harsh criticism of cryptocurrencies, although he used be a fan of Bitcoin and praised it when a bank crisis and theIn 2021, however, he sold all his Bitcoin, explaining this step by BTC’s harsh volatility waves.
Over the past two months, Bitcoin was recovering on the wave of the banking crisis that hit the US as several large regional banks crashed – Silicon Valley Bank, Signature Bank and just recently First Republican Bank followed suit. Bitcoin managed to touch the $30,000 level. However, three days ago, the Fed Reserve announced another rate hike, BTC slipped below the $29,000 level, where it stays for now, trading at $28,568, according to CoinMarketCap.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Why Utah wildlife officials seeking to drop trumpeter swan huntingThe Utah Division of Wildlife Resources is recommending an end to hunting trumpeter swans as the swan hunting season has ended prematurely the last four years.
Consulte Mais informação »
Silo EP & Author Discuss Inspiration Behind New Apple TV SeriesWe chat with Silo EP Graham Yost & book author Hugh Howey about the inspiration behind the new AppleTVPlus series, how it was adapted it for television, and what it means to work with Rebecca Ferguson:
Consulte Mais informação »
Colorado Naturalist Author Mary Taylor Young’s New Book Chronicles Climate Change“My hope is that readers will take a look in their own backyards, their own pieces of the wild…and start to recognize change.
Consulte Mais informação »
Bestselling non-binary author speaks out against book bans in keynote speech at MCCIn a speech at MCC, George M. Johnson, author of the second-most-banned book in the U.S., spoke out against efforts to ban books. 'We are trying to remove resources from students and from the youth who are craving the knowledge.'
Consulte Mais informação »
Campbell Hall baseball is ‘author of its own journey’ led by standout Tanner MahonCampbell Hall is eyeing a CIF title in Division 6 after a 20-win season, thanks to the dominant performance of senior Tanner Mahon.
Consulte Mais informação »
Meghan Markle Skipping the Coronation Shows She's the 'Main Source' of Royal 'Row,' Author Claims'The whole world will notice that Meghan hasn't turned up.'
Consulte Mais informação »