The Cryptos News | Daily Bitcoin News
  • Home
  • News
  • Market Cap
  • Top Cryptos
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
    • Cardano (ADA)
    • Solana (SOL)
    • Tether (USDT)
    • XRP (XRP)
    • Polkadot (DOT)
    • Dogecoin (DOGE)
    • USD Coin (USDC)
  • Prices
  • Wallet
  • Crash
  • Investment
  • Exchange
  • Mining
  • Trading
  • Home
  • News
  • Market Cap
  • Top Cryptos
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
    • Cardano (ADA)
    • Solana (SOL)
    • Tether (USDT)
    • XRP (XRP)
    • Polkadot (DOT)
    • Dogecoin (DOGE)
    • USD Coin (USDC)
  • Prices
  • Wallet
  • Crash
  • Investment
  • Exchange
  • Mining
  • Trading
The Cryptos News | Daily Bitcoin News
No Result
View All Result
Home Top Cryptos Dogecoin (DOGE)

‘Investors Ready To Pounce’—Crypto Now Braced For A $140 Billion Earthquake After Terra

Share on FacebookShare on Twitter


Bitcoin
BTC
and cryptocurrency prices are struggling after crashing back in recent months following the collapse of the algorithmic stablecoin terraUSD and its support coin luna—sparking some wild crypto price predictions.

Subscribe now to Forbes’ CryptoAsset & Blockchain Advisor and successfully navigate the volatile bitcoin and crypto market

The bitcoin price has this week bounced around the closely-watched $20,000 per bitcoin level while the ethereum price has built some support above $1,000 per ether. Other top ten cryptocurrencies—BNB
BNB
, XRP
XRP
, solana, cardano and dogecoin—have also inched higher, adding more than $100 billion to the combined crypto market capitalization from its recent lows.

Now, after bitcoin and crypto were branded “the biggest Ponzi scheme in human history”, research has shown there is $140 billion “ready to be deployed into bitcoin and altcoins” after the rapid growth of crypto’s four largest stablecoins by market cap.

Want to stay ahead of the market and understand the latest crypto news? Sign up now for the free CryptoCodex—A daily newsletter for traders, investors and the crypto-curious


MORE FROM FORBESCrypto ‘The Biggest Ponzi Scheme In Human History’-China Blockchain Execs Back Bill Gates And Warren Buffett After Huge Bitcoin Price CrashBy Billy Bambrough

Bitcoin and cryptocurrencies have suffered an almighty crash in recent weeks with the bitcoin price … [+] crashing more than 70% from its all-time high and dragging down the price of ethereum, BNB, XRP, solana, cardano and dogecoin.

AFP via Getty Images

“The amount of money sitting on the digital sideline has never been greater and points to an abundance of patient investors ready to pounce on discounted digital assets,” Digital Asset Investment Management (DAIM) analysts wrote in a recent report, pointing to the growth of Tether’s USDT, Circle’s USDC, Binance’s BUSD, and MarkerDAO’s DAI.

Those four dollar-pegged stablecoins have risen more than 20-fold—from $7 billion to $147 billion—over the last two years.

“That means the ecosystem has an additional $140 billion ready to be deployed into bitcoin and altcoins,” DAIM researchers wrote, noting the stablecoins also provide shelter from crypto storms and wild price swings.

Meanwhile, research from Australian-based digital asset manager Zerocap, first reported by Blockworks, found that as the combined crypto market cap crashed 70%, from $3 trillion to $900 million, the circulating supply of the top four stablecoins increased by almost 13%.

“The net growth in stablecoin supply is wholly indicative of users holding funds on-chain as opposed to retreating into dollars,” Zerocap told Blockworks. “A portion of the stablecoins sitting on-chain are likely held there while investors dollar cost average into investments or are sitting idly, waiting for an opportune time to allocate.”

Sign up now for CryptoCodex—A free, daily newsletter for the crypto-curious

MORE FROM FORBESCoinbase Document Reveals Bitcoin, Ethereum And Tether Bombshell Amid Fresh Crypto Price CrashBy Billy Bambrough

The bitcoin price has clawed its way back above $20,000 per bitcoin this week after a bruising few … [+] weeks that’s weighed on the price of ethereum, BNB, XRP, solana, cardano and dogecoin.

Forbes Digital Assets

Circle’s USDC has seen its supply grow by around 60% over the last eight months, giving it a market cap of $55 billion, Zerocap found—putting USDC in touching distance of tether’s $65 billion. Conversely, USDT’s circulating supply has shrunk recently as investors cash out.

“The immense growth of USDC relative to its peers is indicative of a surge in investors valuing clarity around stablecoin backing,” Zerocap said, referring to how various stablecoins maintain their dollar peg. “The Terra crash burnt a large percentage of users in the space and likely caused many to re-evaluate the quality of backing behind the (intended) stable portion of their portfolio.”

DAIM analysts forecast that the bottom of the bitcoin and crypto market will come towards the end of this year, warning the bitcoin price could fall as low as $10,000, but remain upbeat over the long-term.

“Max pain in Bitcoin generally means max opportunity,” DAIM analysts added. “There will be a time when the negative news runs out.”



Read More:‘Investors Ready To Pounce’—Crypto Now Braced For A $140 Billion Earthquake After Terra

Tags: BillionBitcoinbitcoin priceBNBBracedCardanoDogecoinEarthquakeEthereumethereum priceinvestorsPounceCryptoreadySolanaTerraXRP
Previous Post

Stellar Lumens Price Prediction as XLM Prepares for a Big Move

Next Post

What Polkadot’s new staking dashboard means for DOT

Related Posts

Here’s What’s Next for Bitcoin (BTC), Ethereum (ETH) and One Altcoin That Over Exploded

Here’s What’s Next for Bitcoin (BTC), Ethereum (ETH) and One Altcoin That Over Exploded

by The Cryptos News
July 30, 2022
0

A widely followed trader is exploring the near-term outlook of the two largest-crypto assets and one altcoin that has...

This is how the crypto market, especially BTC and ETH, reacted amid latest Fed hike

This is how the crypto market, especially BTC and ETH, reacted amid latest Fed hike

by The Cryptos News
July 30, 2022
0

The Federal Reserve increased the interest rate by a further 0.75% and the crypto markets responded bizarrely. The U.S....

How to Buy Polkadot Coin | Cryptopolitan

How to Buy Polkadot Coin | Cryptopolitan

by The Cryptos News
July 30, 2022
0

Polkadot is one of the top 20 cryptocurrencies by market capitalization, and it has been gaining in popularity lately.DOT...

Mehracki Token (MKI), Binance Coin (BNB), and Cardano (ADA) – Cryptocurrencies Poised To

Mehracki Token (MKI), Binance Coin (BNB), and Cardano (ADA) – Cryptocurrencies Poised To

by The Cryptos News
July 30, 2022
0

The world of cryptocurrencies is becoming ever more popular, and the speed at which people begin trading grows more...

Next Post
What Polkadot’s new staking dashboard means for DOT

What Polkadot’s new staking dashboard means for DOT

Subscribe
Login
Notify of
guest
guest
0 Comments
Inline Feedbacks
View all comments

Trending News

Payperless Crypto Wallet announced working on NFT tokens support

Payperless Crypto Wallet announced working on NFT tokens support

June 25, 2022
June’s Red-Hot Inflation Report Rattled Bitcoin and Ethereum Prices. What That Means for

June’s Red-Hot Inflation Report Rattled Bitcoin and Ethereum Prices. What That Means for

July 14, 2022
Ripple’s Counsel Urges US Lawmakers to Urgently Pass ‘Sensible’ Crypto Legislation Amid

Ripple’s Counsel Urges US Lawmakers to Urgently Pass ‘Sensible’ Crypto Legislation Amid

July 30, 2022
ADVERTISEMENT

Investment

Buying Bitcoin on the Dip? 3 Things the Smartest Investors Know About Crypto | The Motley

Buying Bitcoin on the Dip? 3 Things the Smartest Investors Know About Crypto | The Motley

July 30, 2022
Study up and become a more informed crypto investor with this bundle

Study up and become a more informed crypto investor with this bundle

July 30, 2022
Crypto Exchange KuCoin Launches NFT ETFs By Benzinga

Crypto Exchange KuCoin Launches NFT ETFs By Benzinga

July 30, 2022
Is It Right Time To Invest In Crypto Market? Crypto Expert Shares Bullish Indicator

Is It Right Time To Invest In Crypto Market? Crypto Expert Shares Bullish Indicator

July 29, 2022
$ETH-Based Investment Products Leading Bounce-Back in July, Says CryptoCompare Research

$ETH-Based Investment Products Leading Bounce-Back in July, Says CryptoCompare Research

July 29, 2022

Prices

Latest Report Shows Cryptojacking Increased By 30% During The Crypto Slump

Latest Report Shows Cryptojacking Increased By 30% During The Crypto Slump

July 30, 2022
Tron price prediction as Unifi Protocol TVL explodes

Tron price prediction as Unifi Protocol TVL explodes

July 30, 2022
Bitcoin and Ethereum Prices Are As High As They’ve Been Since June Crypto Crash, But

Bitcoin and Ethereum Prices Are As High As They’ve Been Since June Crypto Crash, But

July 30, 2022

Crypto Flipsider News – Crypto Market Rally; Nirvana (NIRV) Exploited; Vasil Delayed;

July 29, 2022

Trading

CoinFLEX: Amid liquidity crisis, the cryptocurrency exchange had this to say

CoinFLEX: Amid liquidity crisis, the cryptocurrency exchange had this to say

July 30, 2022
SEC Chairman Publishes Video Outlining Plan to Regulate Crypto Trading Platforms –

SEC Chairman Publishes Video Outlining Plan to Regulate Crypto Trading Platforms –

July 30, 2022
Analysis | Why the Crypto World Flinches When the SEC Calls Coins Securities

Analysis | Why the Crypto World Flinches When the SEC Calls Coins Securities

July 29, 2022
FTX wins full approval to operate crypto exchange in Dubai

FTX wins full approval to operate crypto exchange in Dubai

July 29, 2022
Crypto exchange Zipmex files for bankruptcy protection in Singapore

Crypto exchange Zipmex files for bankruptcy protection in Singapore

July 29, 2022
  • About Us
  • Contact Us
  • Terms of Use
  • Privacy Policy
  • DMCA

© 2021 Thecryptosnews.com

No Result
View All Result
  • Home
  • News
  • Market Cap
  • Top Cryptos
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
    • Cardano (ADA)
    • Solana (SOL)
    • Tether (USDT)
    • XRP (XRP)
    • Polkadot (DOT)
    • Dogecoin (DOGE)
    • USD Coin (USDC)
  • Prices
  • Wallet
  • Crash
  • Investment
  • Exchange
  • Mining
  • Trading

© 2021 Thecryptosnews.com

wpDiscuz