Canadian company buys 60% of Nvidia mining graphics cards

Canadian mining company Hut 8 announced the purchase of specialized mining graphics cards from Nvidia for $30 million Canadian mining company Hut 8 has bought specialized video cards from Nvidia for mining cryptocurrency. The company announced this in an official…

Bitcoin was able to recoup some of its price losses

The No. 1 cryptocurrency, after falling to $53,000, rose slightly in price. At the end of March 23, bitcoin was able to fall to $53,000 and recover to $55,700 early on March 24. The partial price recovery, which occurred within…

Glassnode: real bitcoin supply is plummeting

Rafael SchulzeKraft, who pioneered the research company Glassnode, shared an important finding: the real bitcoin supply  is plummeting. According to his data, since 2017, the number of unavailable to buy and sell such digital assets has grown faster than the amount of available liquid assets of this type, even though miners were mining first 1,800 bitcoins each day and then 900 bitcoins each day, as they are now.Speaking about the current situation, the analyst estimated that there are about 3 million bitcoins, which he categorized as “highly liquid.” There is also a notional reserve of such assets in the market in the amount of another one million bitcoins, but 14.5 million bitcoins represent assets that are not available for purchase and sale. SchulzeKraft writes that “along with the demand that companies like MicroStrategy, Square, Tesla, and Grayscale have for bitcoins, this supply situation for this digital asset works in favor of its rising price.” Indeed, investors such as MicroStrategy, Square and Grayscale are not just investing in bitcoins, but demonstrating a desire to continue to invest in such digital assets. Collectively, all institutional investors now account for $67 billion invested in bitcoin. Michael Saylor, head of MicroStrategy, commenting on the bitcoin’s return beyond the $50,000 level that was seen on February 25, said that the total market capitalization of cryptocurrencies in the future could reach $100 trillion from the current $1.5 trillion. Jiles Coghlan, a senior market analyst at HYCM, believes that there is a good chance that during a possible correction, the price of bitcoin will not go below the $40,000 level. At the same time, he believes that some altcoins have a chance to outpace bitcoin’s growth rate, at least in the short run. Indeed, other digital assets are now also feeling the influx of investor funds, and bitcoin’s level of market dominance (61.3%) is now noticeably lower than in December 2017. Your email address will not be published. Required fields are marked * Name  * Email  * Add Comment Save my name, email, and website in this browser for the next time I comment. Post Comment…

Digital euro will be released in 4-5 years

Several experts from European Central Banks agreed that it would take four or five years to prove the concept of the digital euro.During a panel discussion entitled “Renewing Money to the Digital Era: Introducing the Digital Euro,” participants agreed that…