Volatility in the Crypto Market and the State of Altcoins

The crypto currency markets leave investors in a difficult situation with high volatility. Bitcoin’s drop to 65,600 dollars was an unexpected blow for investors taking high leverage positions, and some altcoins experienced value losses of up to 10%. Tether CEO’s Market Views Tether’s new CEO answered questions about the potential effects of the upcoming Bitcoin halving on the market at a regulatory event. The CEO stated that current Bitcoin demand far exceeds the current mining capacity and that the halving will cut miner production in half, creating a more pronounced perception problem. The Future of Cryptocurrencies and the Halving Effect At the Bitfinex event, Tether was highlighted as the largest stablecoin with a market value of 103 billion dollars. The halving, scheduled for April, will reduce miner rewards from 6.25 to 3.125 per block, resulting in a decrease in the daily production of Bitcoin to 450. After the halving, this […]

Volatility in the Crypto Market and the State of Altcoins

The crypto currency markets leave investors in a difficult situation with high volatility. Bitcoin’s drop to 65,600 dollars was an unexpected blow for investors taking high leverage positions, and some altcoins experienced value losses of up to 10%.

Tether CEO’s Market Views

Tether’s new CEO answered questions about the potential effects of the upcoming Bitcoin halving on the market at a regulatory event. The CEO stated that current Bitcoin demand far exceeds the current mining capacity and that the halving will cut miner production in half, creating a more pronounced perception problem.

The Future of Cryptocurrencies and the Halving Effect

At the Bitfinex event, Tether was highlighted as the largest stablecoin with a market value of 103 billion dollars. The halving, scheduled for April, will reduce miner rewards from 6.25 to 3.125 per block, resulting in a decrease in the daily production of Bitcoin to 450.

After the halving, this low figure could create a significant supply bottleneck when compared to demand coming from the current ETF channel. For example, it is stated that BlackRock added 4,886 BTC in a single day, and after the halving, daily demand could reach 11 times the total production of miners.

When considering a total of 9 ETFs and other institutional demands, it is foreseen that daily demand could be 40-50 times the current supply, and in such a situation, the scarcity of supply is expected to have serious consequences in the market.

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how to buy crypto?
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