Bitcoin’s price remains stable around US $ 9,100. Since BTC’s third halving, back in mid-May, you can’t break out of the 9k-10k range. Will investors be comfortable at this price level?
Bitcoin price registers stability
Following the recovery from the sharp drop in March, Bitcoin pierced the $ 9,000 barrier in May. Bitcoin’s price remains stable, taking into account the volatility that characterizes it. For their part, the sentiment of cryptocurrency traders on Bitcoin’s medium-term prospects remains positive.
At the time of writing the article and according to our cryptocurrency online crypto tool, the price of Bitcoin is USD 9,094, and it has decreased by -0.17% in the last 24 hours. One more sign that the price of Bitcoin is stable until now.
Elon Musk and his thoughts on Ethereum
Eccentric Tesla CEO and co-founder Elon Musk made direct reference to Ethereum (ETH), stating that he is neither for nor against the network.
“I am not developing anything on Ethereum. I’m not for or against it, I just don’t use it, nor do I own any, ”Musk revealed in a July 2 tweet.
Musk’s tweet was in response to a July 2 tweet from movie star William Shatner.
Bitcoin demand will increase in 8 years
A recent report from ZUBR Research explains that by 2028, Bitcoin’s retail demand will outpace the new supply.
The report highlights that in eight years as Bitcoin’s supply rate declines, “retail-sized addresses will start consuming all of the new supply alone.”
Even the next half in 2024 could see retail accounting for the acquisition of 50% of the bitcoins in circulation.
The study called “Retail Investors for Bitcoin” explains how the BTC network has entered the “next era of rewards”.
“With 90% of all Bitcoins already mined, it is estimated that the remaining supply will take almost 120 years to reach the market,” wrote ZUBR.
In a few lines…
- The Bank of Japan announced Thursday that it would experiment with a CBDC to test its viability from a technical perspective.
- Voice, a blockchain-based social media project developed by EOS creator Block.One, was launched briefly a day before its scheduled launch.
- The Binance China Blockchain Institute has partnered with a state-level company to jointly develop a new digital infrastructure for small and medium-sized businesses in the country.
Tron (TRX) becomes the fourth blockchain project to receive a personalized Twitter emoji hashtag.
Justin Sun, the founder of Tron, unveiled the new emoji in a tweet on Friday. As is common in Tron’s marketing campaigns, the new emoji comes with a gift that requires fans to put the emoji on their bio profile.