5 must-read articles for the evening | Why cryptocurrencies are important in developed economies

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1.Glassnode: Just One Step Away from $100,000 Who is Selling BTC?

After a series of continuous new ATHs, the price of Bitcoin is now very close to the impressive and long-awaited price of $100,000 per coin. As in all previous cycles, the long-term holder group is taking advantage of the influx of liquidity and the strengthening of the demand side to start selling their held supply on a large scale again.Read More

2.TORN Soars 486.02% The Tornado Cash Ruling Drives the Struggle Between Privacy and Administrative Power

On November 26, the U.S. Fifth Circuit Court of Appeals overturned the sanctions against Tornado Cash, and in response, the price of the Tornado Cash token TORN soared 486.02% in the past 24 hours, with a trading volume of nearly $10 million and a 24-hour increase of 15,438.18%.Read More

3.1000x Returns Pantera Founder Recalls How to Capture BTC from 2013-2024

The Pantera Bitcoin Fund recently achieved a crazy milestone - 1000x returns. The post-election surge in Bitcoin price has further boosted the Pantera Bitcoin Fund by 30%. After deducting fees and expenses, the Pantera Bitcoin Fund's lifetime return rate is now 131,165%.Read More

4.How Long Can Bitcoin "Burn"?

This Tuesday, the reversal trend of the overnight "Trump trade" also affected the Bitcoin market. The price of Bitcoin once surged to around $99,000 and then quickly fell back below $93,000, with a maximum drop of more than 6%. This was due to market turmoil caused by rumors of a ceasefire agreement between Israel and Lebanon. Not only Bitcoin, but gold and oil prices also plummeted sharply.Read More

5.Why Are Cryptocurrencies So Important in Developed Economies?

This phrase has long been the battle cry of the cryptocurrency industry, proving its rapid growth and its legitimacy in mainstream economic discourse. However, while these words resonate more with those with limited access to financial services in developing countries, they do not fully explain why cryptocurrencies are important in the most developed countries.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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