{"headers":{"Content-Type":"application\/x-www-form-urlencoded"},"body":"source_lang=&target_lang=PT-PT&tag_handling=xml&split_sentences=1&preserve_formatting=1&text=Bitcoin+still+poised+for+volatility%2C+according+to+Bank+of+America&text=Research+from+the+Bank+of+America+suggests+that+it+won%27t+take+a+great+amount+of+US+Dollar+inflows+to+move+the+Bitcoin+market.&text=According+to+research+conducted+by+the+Bank+of+America%2C+%3Ca+href%3D%22https%3A%2F%2Fwww.coininsider.com%2Fpt-pt%2Fplataformas-de-comercio%2F%22%3EBitcoin%3C%2Fa%3E+takes+a+modest+amount+of+US+dollar+inflows+to+move+the+market+by+an+insignificant+amount.+According+to+a+research+note+by+Bank+of+America+strategist+Francisco+Blanch%2C+it+would+take+only+%2493+million+USD+worth+of+inflows+to+move+Bitcoin%E2%80%99s+price+by+1%25.%0A%0AAccording+to+Blanch%2C%0A%0A%E2%80%9C%3Cem%3EBitcoin+is+extremely+sensitive+to+increased+dollar+demand.%3C%2Fem%3E+%3Cem%3EWe+estimate+a+net+inflow+into+Bitcoin+of+just+%2493+million+would+result+in+price+appreciation+of+1%25...+What+has+created+the+enormous+upside+pressure+on+Bitcoin+prices+in+recent+years+and%2C+particularly%2C+in+2020%3F+The+simple+answer%3A+modest+capital+inflows.%E2%80%9D%3C%2Fem%3E%0A%0AIn+comparison%2C+the+research+found+that+it+would+take+more+than%C2%A0%242+billion+USD+worth+of+inflows+to+move+gold+by+the+same+amount.+Even+more+than+this%2C+the+treasury+bonds+would+be+looking+at+more+than+%242.25+billion+USD+needed+to+move+the+same+amount.%0A%0A%3Ca+href%3D%22https%3A%2F%2Fwww.coininsider.com%2Fpt-pt%2Fcorretores-cfd%2F%22%3EBitcoin%3C%2Fa%3E+is+looking+at+an+almost+%241.1+trillion+USD+market+cap%2C+which+is+approximately+one-tenth+of+that+of+gold.+According+to+the+national+bank%27s+research%2C+Bitcoin+sees+double+the+volatility+of+gold.+While+Bitcoin+has+existed+for+nearly+12+years%2C+the+cryptocurrency+still+maintains+a+reputation+of+volatility+as+an+asset+in+the+market.%0A%3Ch2%3EWhy+is+Bitcoin+so+sensitive+to+price+changes%3F%3C%2Fh2%3E%0AAccording+to+The+Bank+of+America+research+team%2C+Bitcoin%27s+room+for+such+latent+volatility+is+as+a+result+of+whale+investors+holding+such+stock+in+the+market.+The+largest+addresses%2C+according+to+their+data%2C+have+not+been+selling+since+this+time+last+year.+This+correlates+with+the+beginning+of+the+pandemic.%0A%0AWhile+the+Bank%27s+suggestions+paint+Bitcoin+in+a+particular+light%2C+the+research+aligns+with+that+of+Glassnode+which+has+found+that+the+majority+of+Bitcoin%27s+supply+is+illiquid+since+the+end+of+last+year.+According+to+Glassnode%2C+only+20%25+of+the+current+supply+of+Bitcoin+is+available+to+trade+and+buy+on+exchanges.","timeout":15}