What caused crypto to crash
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Ocn news crypto | The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. So the DeFi explosion raised the question of whether the anything-goes digital-asset markets had become the new home of capitalism. For one, it reinforced the reality that while bitcoin was the oldest and biggest cryptocurrency, it was hardly the most interesting. Bitcoin marketeers couldn't ask for a more compelling selling point. PayPal, another payments company, announced it would allow million customers to hold bitcoin and other cryptocurrencies, and to use the digital assets to shop at the 26 million merchants on its network. Some bitcoin proponents saw the success of the cryptocurrency and its underlying blockchain network as validation of a landmark technology that might forever change finance. |
Btc 2020 reddit | Once the pandemic hit, authorities' response was to invoke what one leading economist described as the "war machine": a Federal Reserve willing to finance U. But that was the point: Under the cryptocurrency's design, things were supposed to run like clockwork, giving humans little leeway to intervene based on subjectivity or politics. Yet, the jury is still out as to whether Reddit activity could act as a stochastic oscillator for bitcoin. May: Bitcoin's 'halving' proves a dud in markets but a winner in market psychology. Prices began to soar not just for ether , the Ethereum blockchain's native cryptocurrency, but for a veritable parade of tokens associated with hitherto little-known DeFi projects Aave, Chainlink, Curve and good-luck-explaining-this-to-your-friends outliers like Yam and Spaghetti. See also: Bitcoin Halving, Explained. |
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