The Classy Investors

  /  Stock   /  Stablecoins, Ceilings and Digital Currencies: Bad Crypto News of the Week

Stablecoins, Ceilings and Digital Currencies: Bad Crypto News of the Week

imageCryptocurrency13 hours ago (Aug 03, 2020 04:00PM ET)

Stablecoins, Ceilings and Digital Currencies: Bad Crypto News of the Week

Stability? What stability? Bitcoin has burst through its ceiling, leapt 15% and is now tickling a new ceiling of $11,000. The new move has put Bitcoin’s actual price at around double the realized price. On Black Thursday, the realized price was higher than the actual price.

So how much higher will Bitcoin go? Max Keiser expects the coin to reach $28,000… then push on up into six figures. As for who’s been creating the demand, a study from Cornerstone Advisors has found that 80 percent of this year’s crypto buyers are men with an average income of $130,000. And it’s not just Bitcoin they’re buying, of course. As Bitcoin climbed, Ethereum leaped too, flying past its previous 2020 peak of $309.

Continue Reading on Coin Telegraph

Stablecoins, Ceilings and Digital Currencies: Bad Crypto News of the Week

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.