Wednesday, July 30, 2025
  • Login
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
CRYPTO MARKETCAP
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
No Result
View All Result
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result

Bitcoin ‘Is not Going Away,’ Digital Property Firm CEO Says

by SB Crypto Guru News
August 21, 2022
in Bitcoin
Reading Time: 3 mins read
0 0
A A
0


Bitcoin has been put to the acute check through the previous few weeks as this 12 months’s cryptocurrency market crash has raised questions in regards to the viability of the business, with traders bearing the brunt of the collapse and market concern hitting a brand new excessive.

Fears of a worldwide recession and the best inflation in over 4 many years have delivered a heavy blow to the younger cryptocurrency market in 2022, spawning a brutal crypto winter that has pushed once-soaring firms to close down and traders into panic-selling.

Almost $2 trillion in market worth, billions of {dollars} in frozen property, and hundreds of jobs have been misplaced due to the turbulence, however these losses might solely be the start.

Bitcoin Isn’t Going Anyplace, CEO Says

Regardless of the grim outlook, the chief government officer of this digital property administration firm is optimistic.

Gavin Michael stated in an interview with Yahoo Finance on Friday that the cryptocurrency business is “not going away.” The truth is, he claims that curiosity within the area is motivated by the probability of a big resurgence subsequent 12 months, following the current decline of Bitcoin and different cryptocurrencies.

The ICE-founded Bakkt, which gives a platform for institutional traders to commerce bitcoin and different cryptocurrencies, continues to make features within the digital property market. The location simply introduced a partnership with Visa to offer crypto debit and bank cards. Mastercard can also be an current companion of Bakkt.

In line with Michael, Bakkt’s companions, the vast majority of that are worldwide firms, proceed to exhibit important curiosity and enthusiasm.

“They’ve been monitoring this space for a really very long time. They comprehend the peaks and troughs that we’re witnessing.”

In his analysis, Mike McGlone, senior commodity analyst at Bloomberg Intelligence, believes the cryptocurrency market’s sharp turnaround in early August, led by Bitcoin, is simply getting began.

(As of this writing, Bitcoin was buying and selling at $21,416, down 13 p.c within the final seven days, knowledge from Coingecko present).

Bitcoin Main Rally Simply Round The Nook

After the crypto market meltdown within the first half of 2022, in line with McGlone, the crypto market will lead different asset courses in a restoration within the second half of this 12 months.

After reaching $3 trillion in worth in November of final 12 months, the cryptocurrency market had its worst first half ever, falling greater than 70% by July.

In line with analysts, the cryptocurrency market has now regained virtually 33% of its losses, however remains to be down greater than 60% from its all-time excessive.

In the meantime, Michael states that Bakkt continues to innovate as a result of “buyer curiosity in crypto stays strong.”

The CEO stated:

“We proceed to broaden our crypto capabilities as a way to go well with these altering market calls for.”

Crypto whole market cap at $999 billion on the weekend chart | Supply: TradingView.com

Featured picture from GOBankingRates, Chart from TradingView.com



Source link

Tags: AssetsBitcoinBitcoin NewsCEOCompanyCrypto NewsCrypto UpdatesDigitalisntLatest News on CryptoSB Crypto Guru News
Previous Post

Can Ethereum Battle Again In opposition to the US’ Sweeping Censorship Try?

Next Post

XRP Community Abruptly Involves Life As Variety of Whale Transactions Surges to Three-Month Excessive: Analytics Agency

Related Posts

Coinbase, JPMorgan Chase Partner to Simplify Crypto Access for Chase Customers

Coinbase, JPMorgan Chase Partner to Simplify Crypto Access for Chase Customers

by SB Crypto Guru News
July 30, 2025
0

Coinbase and JPMorgan Chase announced a partnership Wednesday to provide Chase’s over 80 million customers with new ways to access...

Strategy Buys .46B Bitcoin As ETH Firm BTCS Plans B Raise

Strategy Buys $2.46B Bitcoin As ETH Firm BTCS Plans $2B Raise

by SB Crypto Guru News
July 30, 2025
0

Join Our Telegram channel to stay up to date on breaking news coverage Corporate crypto accumulation continues after Michael Saylor’s...

SEC Delays Truth Social Bitcoin ETF Decision — New Deadline Sparks Crypto Startup Buzz

SEC Delays Truth Social Bitcoin ETF Decision — New Deadline Sparks Crypto Startup Buzz

by SB Crypto Guru News
July 30, 2025
0

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The U.S. Securities and Exchange Commission (SEC)...

[LIVE] ETH Price Rises As The Crypto Market Falls — MicroStrategy Keeps Accumulating Bitcoin: Best Crypto To Buy?

[LIVE] ETH Price Rises As The Crypto Market Falls — MicroStrategy Keeps Accumulating Bitcoin: Best Crypto To Buy?

by SB Crypto Guru News
July 30, 2025
0

The crypto market is flashing mixed signals, leaving investors wondering what are the best crypto to buy right now. While...

Strategy Leverages IPO Success to Acquire Over 21,000 Bitcoin

Strategy Leverages IPO Success to Acquire Over 21,000 Bitcoin

by SB Crypto Guru News
July 30, 2025
0

Strategy (MSTR) — recognized as the world’s largest Bitcoin (BTC) treasury company — has made headlines with the successful closing...

Load More
Next Post
XRP Community Abruptly Involves Life As Variety of Whale Transactions Surges to Three-Month Excessive: Analytics Agency

XRP Community Abruptly Involves Life As Variety of Whale Transactions Surges to Three-Month Excessive: Analytics Agency

Ethereum’s The Merge Will Not Change Worth of Gasoline Charges : ethereum

Ethereum’s The Merge Will Not Change Worth of Gasoline Charges : ethereum

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Facebook Twitter LinkedIn Tumblr RSS

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • Mining
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - SB Crypto Guru News.
SB Crypto Guru News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS

Copyright © 2022 - SB Crypto Guru News.
SB Crypto Guru News is not responsible for the content of external sites.