Bitcoin Resilience Shines: Active Supply Cohort Reaches New Highs
• The article discusses the resilience of Bitcoin despite market shocks, notably the ban on Bitcoin mining in China in 2021 and Luna’s collapse in June 2022.
• It notes that two key supply cohorts – “2 years Supply Last Active” and “1+ year” – have been steadily increasing since May, indicating a robust recovery.
• This suggests that despite substantial market shocks, Bitcoin’s active supply cohorts continue to indicate a persistent strengthening.
Forty-year leap: US national debt nearing $1T in interest alone
The United States is facing an unprecedented economic situation with its national debt nearing $1 trillion due to interest payments alone. Although the cause of this debt has not been linked to any cryptocurrency activities, it serves as a reminder of how quickly debt can accumulate due to unforeseen circumstances.
Bitcoin’s Resilience Shines
Despite market shocks from regulatory changes and crypto crashes, Bitcoin’s „2 years Supply Last Active“ cohort has remained resilient by continuously making new highs. This trend has been maintained since May suggesting a robust recovery for the digital asset. In addition, Bitcoin’s „1+ year“ cohort has also been recording new highs following Luna’s collapse in June 2022 which caused Bitcoin’s value to drop from $30,000 to $20,000. These trends demonstrate Bitcoin’s ability to endure substantial market shocks and still show signs of strength within its active supply cohorts.
Euro Area Increases Interest Rates
The European Central Bank (ECB) recently raised interest rates from 3% to 4.25%, marking the highest level since the financial crisis began in 2008. The ECB stated that this was necessary in order to help maintain price stability across Europe and ensure economic growth going forward. This decision could have long-term implications for global markets as well as influence other central banks‘ decisions regarding their own monetary policies going forward.
Dow Jones Echoes 1987’s ‚Black Monday‘ Era
The Dow Jones Industrial Average (DJIA) recently closed at 13 consecutive positive closes echoing 1987’s ‚Black Monday‘ era when the index suffered its biggest single day percentage decline ever recorded at 22%. Despite these similarities between then and now, analysts believe it is unlikely we will see another day like Black Monday given how much more mature today’s markets are compared to those 30 years ago.
Are The Complex Interplays Between Crude Oil Prices And Unemployment Rates Cause For Concern?
Crude oil prices have been highly volatile over recent months which could potentially lead to higher unemployment rates if prices remain low for too long or increase rapidly again without warning signifying further economic instability down the road if left unchecked by policymakers around the world who are already dealing with an unprecedented pandemic related economic crisis themselves..