Cryptocurrency1 hour ago (Dec 27, 2021 02:20AM ET)
After staying above $50,000 on Christmas day, (BTC) faced selling pressure on Dec. 26. One of the reasons for the possible dip in Bitcoin’s price is the increase in inflows to the Binance exchange. Data analysis account Material Scientist said that Binance’s inflows could be due to “a new player.”
Although Bitcoin is almost certain to miss PlanB’s floor model price projection of $135,000 for December, the creator of the stock-to-flow price model remains bullish. He said that Bitcoin’s price at $51,000 remains within one standard deviation of the model, which keeps the forecast of $135,000 for this halving cycle in play.
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The investigation was conducted on the basis of the accusation made by the CEO of SYDYG, Ramiro Faro Velez in September 2020. The following investigation came to the conclusion…
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