1. Analyst: Bitcoin's dominance is expected to "ultimately reach" 60% in September or at the latest in December. 2. Data: 75% of Bitcoin is held by

JIN10
2024.08.19 02:45
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This news mentions that Bitcoin analysts predict that its market dominance will reach 60% in September or at the latest by December. In addition, data shows that 75% of Bitcoin has not been transferred within 6 months. The overall economic environment and geopolitical risks are influencing a cautious attitude towards cryptocurrency investments. In August, Bitcoin mining profits hit a historic low, but analysts predict a potential breakthrough in the future. Prominent investors believe that presidential candidates will all formulate crypto policies. Meanwhile, a report from Australia shows significant losses due to crypto scams last year. Overall analysis indicates that Bitcoin trading activities are becoming more speculative

  1. Analyst: Bitcoin's dominance will "finally reach" 60% in September or at the latest in December.

  2. Data: 75% of Bitcoin has not been transferred within 6 months.

  3. Economic Daily: With the combination of changes in the global economic environment and geopolitical risks, caution is advised in virtual currency investments.

  4. Morgan Stanley analyst: Bitcoin mining profitability in August dropped to its lowest level in history.

  5. Analyst: If Bitcoin follows the pattern of previous U.S. election years, a breakthrough may occur in one or two months.

  6. Analysis: The implied volatility of Bitcoin this year is higher than last year, reflecting increased trading speculation.

  7. Renowned investor Kevin O'Leary: Regardless of who takes office in the White House, they will formulate crypto policies, and the election results are not that important.

  8. Secretary for Financial Services and the Treasury Christopher Hui attended the first district consultation session of the Policy Address, where citizens suggested the Hong Kong government establish a "Virtual Asset Regulatory Authority."

  9. Gemini co-founder calls on American crypto holders to unite and urges Harris to dismiss the SEC chairman before the election.

  10. Australian Securities and Investments Commission: Cryptocurrency scams last year resulted in a loss of $1.3 billion, with an average of 20 websites being shut down every day.

  11. VanEck: Bitcoin miners transitioning to AI and high-performance computing could bring in $13.9 billion in revenue annually, a 20% increase.

  12. The market value of meme coins has shrunk by over $20 billion since late May, with Google Trends showing a decline to 22 in search popularity.

  13. Data: Bitcoin's hash rate increased from 612EH/s to 637EH/s between August 9th and 17th

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