RSS Bot@lemmy.bestiver.seMB to Hacker News@lemmy.bestiver.seEnglish · 3 days agoBitcoin tumbles below $70K, heavy losses in cryptocurrencies in last three weekswww.bloomberg.comexternal-linkmessage-square5linkfedilinkarrow-up129arrow-down10file-text
arrow-up129arrow-down1external-linkBitcoin tumbles below $70K, heavy losses in cryptocurrencies in last three weekswww.bloomberg.comRSS Bot@lemmy.bestiver.seMB to Hacker News@lemmy.bestiver.seEnglish · 3 days agomessage-square5linkfedilinkfile-text
minus-squareFiniteBanjo@feddit.onlinelinkfedilinkEnglisharrow-up2arrow-down2·2 days agoBTC current market cap is 1.47 Trillion Dollars and at its peaks was 2.52 Trillion. The richest men on earth would struggle desperately to make the number budge.
minus-squareJoe@discuss.tchncs.delinkfedilinkEnglisharrow-up1arrow-down1·1 day agoThere is an incredible amount of BTC that is just not traded actively on open markets, and some that will never be traded. That means that much smaller trade volumes are needed to affect market prices over any defined period.
BTC current market cap is 1.47 Trillion Dollars and at its peaks was 2.52 Trillion.
The richest men on earth would struggle desperately to make the number budge.
There is an incredible amount of BTC that is just not traded actively on open markets, and some that will never be traded. That means that much smaller trade volumes are needed to affect market prices over any defined period.