that most cryptocurrency addresses holding Bitcoin are now in the red for the first time since the coronavirus-induced crypto market crash of March 2020.
A bitcoin address whose coins were acquired at an average price higher than bitcoin’s going market rate of $16,067 is considered out-of-the-money. Lucas Outumuro, the head of research at IntoTheBlock stated that the bearish momentum of the market looks overdone. Previous bear markets ended with the majority of addresses also being out-of-the money.
Crypto has faced a rough time since the collapse of FTX, the popular crypto exchange that it seems almost all major crypto firms had large amounts of money invested with. Cryptocurrency lending firm Genesis Global Capital has
Bitcoin is supposed to be a currency, but I see little to no merchants accepting it as payment. I don't see a future for it if they don't make progress as a payment/currency.
Bitcoin is doomed because it has no utility. It’s 100% speculation, peg to no store of value.
That's nice. It means more working class youth voted GOP. However it is the white vote that needs to be focused on because it is by far the greater number of voters. AmericaFirst
The Bitcoin crash started in November 2021. Look at the chart.
It's fine. We shall hodl on...
Bummer..
'crypto extinction' there I fixed the headline. Winter implies there is some sort of spring coming
Average down?
1 btc = 1 btc so.... nbd
That's good news. Iykyk
Thanks SBF and your big family!
Mines not
Crypto is a scam.
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