Cryptocurrency markets declined slightly at the start of the European session, with the overall digital assets market capitalization decreasing from $94.4 billion to $93.6 billion. Bitcoin, the most famous and valued crypto stock, has fallen by 0.88% up to now. Its current trading price is fluctuating at $19,349.19. Similarly, Ethereum price varies between $1,325 and $1,298.
Price fluctuations
Nonetheless, several altcoins are exchanged at a very energetic pace, such as TerraClassicUSD, which has risen by more than 35% within the past 24 hours. At the same time, the Huobi token went up by 20% and is now trading at $4.97. Producers were also noted for making a weekly profit of more than 17%.
Robert Kiosaki prediction
Robert Kiyosaki, a famous author of the financial literacy book (‘Rich Dad, Poor Dad’) has been a prominent supporter of Bitcoin for the past two years. Now he has taken to Twitter to predict the inevitable crash of the U.S. dollar and the economy, saying that Bitcoin and gold are the only ways to save your money.
Mr. Kiyosaki predicts the dollar to come to a catastrophe, especially after the government has printed more than $6 trillion during the pandemic. The Federal Reserve interest number has been raised several times already. Mr.Kiosaki calls it the greatest financial crisis for the USD since the 1990s.
In the writer’s opinion, metals are going to rise in the future decades, as well as Bitcoin stock prices. That made Bitcoin holders show confidence
Santiment report
Following the report of crypto analytics platform ‘Santiment’, Bitcoin holders have withdrawn thousands of dollars from their accounts in just 24 hours. Over the past week, cryptocurrency traders have seen an impressive outflow.
Such unexpected movement of loads of money and BTC suggests that traders expect a bullish course of the Bitcoin in the final quarter of the year. As Santiment states in its analysis, Bitcoin stockpiles on all cryptocurrency lenders accounts have fallen to degrees that have never been seen since the peak bearish numbers on the crypto-market in 2018.
The shrinking supply of BTC decreases the possibility of a sell-off in the overall market.
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