Post Top Ad

Post Top Ad

Ad disclaimer: crypto ads are moslty scam so do some research before investing or buying

Saturday, December 18, 2021

Whales Could Be Preparing For Crypto Crash As Stablecoins Spike to ATH

 analytics platform, reveals that the ransomed offer of all stablecoins surpassed the $5 billion mark on Dec ten. this means that some whales are accumulating stablecoins. 

Commenting on this, CryptoQuant’s Dan Lim aforementioned whales may be cashing out as a results of the forthcoming Federal Open Market Committee (FOMC) meeting — which can come about on Dec sixteen. The North American nation central bank is predicted to hurry up its tapering program and signal that it aims to start out hiking interest rates in 2022 within the meeting. Lim said:  Crypto Quantum Leap  

(world's famous cryptocurrency video course start your carrier as crypto trader and earn bitcoin)

“Not positive if the whales area unit chasing out sooner than the market’s volatility in response to the Dec sixteenth FOMC announcement, however that’s conjointly one among the uncertainties. So far, we have a tendency to still area unit careful till some uncertainties are going to be resolved.”

However, it's price noting that whales haven't essentially been merchandising Bitcoin. On Dec ten, the day stablecoin ransomed worth reached a brand new ATH, BTC fluctuated between $47.5k to $49.8k. Bitcoin even reached associate intraday high of around $50,800 on Sunday, before plunging to as low as $48.6k earlier these days. 

At the time of writing, BTC is commerce at around $49k, down by over 1 Chronicles over the past twenty four hours. The flagship cryptocurrency is deemed to air skinny ice because it has been hovering round the $48,376 damage for over every week and its run-up throughout the weekend did not deliver important gains. 

If bears manage to shatter the $48,376 demand barrier, BTC may witness a steep sell-off and plummet all the thanks to $40k. If BTC drops to $40k, there's an opportunity that it'll resume its downward movement. 

 Crypto Quantum Leap  

(With digistore money back guarantee)

No comments:

Post a Comment