Italy’s State-Owned Bank Trials Digital Bonds on Polygon Blockchain
The European Central Bank initiated the trial to explore how blockchains can enhance central bank settlement.
FOMO, coupled with the US elections, might be the main driving force as Bitcoin surges to see nearly $16,000 USD. Hitting figures last seen in January 2018, Bitcoin price has soared past barriers of resistance to hit $15,980 USD across markets today.
According toBitcoin hit its all-time high. At the time, Bitcoin was sitting around $7,000 USD and it surged to see $16,000 USD in only three weeks. If the token follows the same trend, we’re very plausibly looking at new record highs within a short space of time.
As pointed out by Yassine Elmandjra, Bitcoin analyst, the price of Bitcoin was at 40% of its all-time high in May 2019. Now, at 80% of its all-time high, the cryptocurrency stands at the closest it has ever been to full recovery.
Bitcoin is 148 days into the recovery process from its December 2018 bottom.
It is currently at ~40% of its all time high.
The longest recovery period from trough to previous peak took 722 days (~ 2 years).
I doubt this one will take as long. pic.twitter.com/npHr05fRmi
— Yassine Elmandjra (@yassineARK) May 13, 2019
If the tide turns and Bitcoin starts to spike, there might be a risk of a pullback and traders sell-off to profit. Mike Novogratz advocates against this. His “free advice” is to sit and resist the temptation to sell:
The hardest thing to do in a bull market is to sit. My pal Paul Jones calls it the ‘pain of the gain’.This is a $BTC bull market.Your job is to sit on your hands and lock away your phone.The instinct to ring the cash register is high. Don’t. Just HODL right now. Free advice 😉
— Mike Novogratz (@novogratz) November 5, 2020
“The hardest thing to do in a bull market is to sit. My pal Paul Jones calls it the ‘pain of the gain’. This is a $BTC bull market. Your job is to sit on your hands and lock away your phone.”
The European Central Bank initiated the trial to explore how blockchains can enhance central bank settlement.
n recent months, inflation measures, including the Consumer Price Index and Personal Consumption Expenditures Index, have moderated.
BlockFi clients are to note that client communications will exclusively occur through official email channels.
CryptoQuant CEO says Bitcoin is still vulnerable to “speculative FUDs,” giving smart money a way to buy up cheap BTC.