Bitcoin Drops After Record-Setting Rally; Is Bearish Bias Returning? newsbtc.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newsbtc.com Daily Mail and Mail on Sunday newspapers.
Bitcoin s Liquidity Crisis Leads to Another Demand-Driven Record High
Bitcoin bulls are not running out of fuel.
On Friday, traders once again raised their bids for the world’s leading cryptocurrency, sending its prices to another record peak after Grayscale Investments, a New York-based crypto investment vehicle, added 1,672 BTC to its already-ballooning bitcoin stockpile. The firm now holds 655.44 BTC, worth almost $33.5 billion.
Grayscale’s accumulation spree removed more bitcoin from circulation against its rising demand among retail and institutional investors.
In a note published Thursday, analyst Ben Lilly highlighted that bitcoin investment made by Grayscale, Tesla, MicroStrategy, Ruffer Investments, Square, Bitwise, and other firms sucked more of the cryptocurrency out of supply than produced. Meanwhile, retail traders withdrew Bitcoin en masse from exchanges, adding further to the brewing liquidity crisis.
Hallelujah! 2020 in Review - Missing person, mysterious bodies highlighted year in crime
2020 was a year full of stories about shootings in Silver City, while human remains kept turning up in the forests of Grant County.
2020’s missing and dead
In late May, Silver City resident John Waters was reported missing by his wife, Amelia Waters; in August, Waters’ skull and only his skull was discovered by a hiker in the forest outside Pinos Altos. Authorities believed at the time that Waters may have been consumed by bears, but hadn’t determined a cause of death. Amelia Waters did not respond to an inquiry from the Daily Press last week regarding the current status of the investigation into the fate of her husband.
How to make Reddit-famous Grandma Lilly s Cheesecake today.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from today.com Daily Mail and Mail on Sunday newspapers.