Evening Must-Read 5 Articles | Why Cryptocurrency Is Important in Developed Economies
1.Glassnode: Just one step away from $100,000. Who is dumpingBTC?
After a series of continuous new ATH, the price of BTC is now very close to the impressive and long-awaited price of $100,000 per coin. As with all previous cycles, the long-term holder community is taking advantage of the increased liquidity inflows and demand, and is starting to sell their holdings on a large scale again. Click to read.
2. TORN soared 486.02% Tornado Cash decision drives the game between privacy and administrative power.
On November 26, the ruling of the 5th Circuit Court of Appeals in the United States overturned the sanctions against Tornado Cash. As a result of this news, the price of Tornado Cash Token TORN has surged by 486.02% in the past 24 hours, with a volume of nearly $10 million and a 24-hour increase of 15438.18%. Click to read
3.1000x Returns: Pantera Founder Recalls How to Seize BTC from 2013-2024
The Pantera Bitcoin Fund has recently achieved a crazy milestone - a 1000x return. The post-election surge in BTC prices further pumped the Pantera Bitcoin Fund by 30%. After fees and expenses, the Pantera Bitcoin Fund now has a lifetime return of 131,165%. Click to read.
4. How Long Can Bitcoin Continue to Rise?
On Tuesday, the reversal of the overnight ‘Trump trade’ trend spread to the BTC market. The BTC price briefly surged to around $99,000 before quickly falling below $93,000, with a maximum decline of over 6%. This is due to market turbulence triggered by rumors of a potential ceasefire protocol between Israel and Lebanon. Not only BTC, but also gold and oil prices have plummeted significantly. Click to read
5. Why is Crypto Assets so important in developed economies?
This statement has long been the battle cry of the cryptocurrency industry, proving the validity of its rapid rise and integration into mainstream economic discourse. However, while these words resonate more with developing countries with limited access to financial services, they do not fully explain why cryptocurrencies are important in the most developed countries.