Bitcoin și eter în jos cu 50% de la ATH

24 Mai, 2021by Mark Murdock

24 mai 2021 / Unchained Daily / Laura Shin

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Daily Bits ✍️✍️✍️

• BTC and ETH are down 50% from ATHs.

• Crypto exchange FTX to ridica $1b at a $20b valuation.

• China is looking to “dărâmă on bitcoin mining and trading” (Here is Nic Carter with a glass-half-full take).

• Huobi, a crypto exchange, suspendată miner hosting services in China, along with other functions.

• The “Grayscale discount” îmbunătățit to 10% over the weekend — up from 20% a week ago.

• A Nebraska legislative proposal would use blockchain technology in agricultură.

• Goldman Sachs to release a raportează on crypto as an asset class later this week.

• DeFi100, a Binance Smart Chain project, appears to have been a înșelătorie.

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Ce îți amintești?

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Ce este Poppin '?

The past two weeks have been brutal in the crypto markets. How brutal? 30+ tokens have dropped 50%, or more, from its 2021 ATH, as pointed out by The Block’s Larry Cermak.

There are many, many factors you could point to that could rationalize the plummeting market — Tesla, China, leverage trading, tax day, Tether, etc. — but all of that is just conjecture, and, at this point, par for the course in crypto. The most recent 50% drop from Bitcoin’s ATH does not even rank as a top 5 dip for BTC since 2012.

The 2020-2021 bull run has been relatively smooth up until now. In under a year, Bitcoin rocketed up from $10K to $60K, and Ethereum rose from $200-$4k in just about the same time period.

However, as exemplified by Binance’s Changpeng Zhao, the latest bull run has been the exception to the rule — for people who buy during bubbles, it’s tough to be a HODLer:

My glass-half-full take is that, at least after the bubble deflates, the market always settles higher than where it was previously.

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• Learn about crypto bridge-building:

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