بٹ کوائن اور ایتھر ATH سے 50% نیچے

24 فرمائے، 2021by مارک مرڈاک

24 مئی 2021 / بے چین ڈیلی / لورا شن

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ڈیلی بٹس ✍️✍️✍️

• BTC and ETH are down 50٪ from ATHs.

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

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

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

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

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

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

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

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آپ کا کیا مطلب ہے؟

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Poppin' کیا ہے؟

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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تجویز کردہ پڑھیں

• Vitalik on blockchain scalability:

• Check out the most recent update on Ark Invest’s solar, battery, and bitcoin mining system:

• Learn about crypto bridge-building:

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پوڈ پر…

آپ اسے یہاں خرید سکتے ہیں: http://bit.ly/cryptopians