• News
    • Stocks
    • Banks and Finance
    • Companies
    • Crypto
    • Forex
  • Videos
  • Articles
    • Forex CRM
    • Crypto Payments
    • Trading
    • Crypto Exchange Business
    • Forex Business
    • Fintech
    • Liquidity
    • FinTech Awards
  • Liquidity Providers List
  • Crypto Payment Providers

Dark Theme

Bitcoin Is Rebounding. Here’s One Reason

Aug 05, 2022

Bitcoin Is Rebounding. Here’s One Reason

After a rough year, Bitcoin prices have begun to recover in the last month, with small-scale investors pouring money into cryptocurrencies.

Bitcoin prices increased by about 20% in July, reaching nearly $24,000 from under $20,000. Nonetheless, the biggest cryptocurrency has fallen two-thirds from its all-time peak in November 2021.

Bitcoin's current climb has been fueled by the token's link to equities, particularly tech companies, which have risen as investor concerns about Federal Reserve interest rate rises have subsided. The Nasdaq, dominated by technology stocks, gained 12% in July, marking its greatest July performance on record and the largest one-month rise since April 2020.

Regardless of correlations, there must be investors putting money into digital assets for Bitcoin rates to rise. According to a variety of market indicators, retail traders — particularly smaller ones headquartered in the United States— drove significant demand for Bitcoin in July and are continuing to push prices higher in August.

"Retail is buying Bitcoin at the quickest rate in history," Marcus Sotiriou, an analyst at digital asset broker GlobalBlock, said in a late July report.

The Coinbase Premium Gap, which analyzes the difference between Bitcoin prices published on Coinbase Global (COIN) and those on Binance, the world's largest crypto exchange, indicates that US investors are particularly interested in crypto. Because Coinbase is largely popular in the United States, the discrepancy — as recorded by data firm CryptoQuant — might be seen as a sign of how crypto demand among American investors compares to the rest of the globe.

As recently as July 12, Coinbase offered a $25 per Bitcoin discount compared to Binance, but as the month progressed, the discount became a premium for the first time in months. By July 31, investors on Coinbase in the United States were paying a $14 per Bitcoin premium to purchase the token, the largest premium since the cryptocurrency was worth approximately $40,000.

unnamed-8-4

Other information supports the premise that most small traders have swooped in to buy Bitcoin at its lowest point since 2020. According to crypto market analytics firm Messari, the total quantity of Bitcoin in the top 1% of accounts fell to 17.32 million in July, down from 17.34 million in June. In July, the quantity of Bitcoin in accounts with balances greater than $10,000 grew from 18.2 million to 18.4 million.

"The 90-day change in Bitcoin addresses containing less than one coin (usually retail) is at an all-time high." "The last time it got close to this level was in 2018, when Bitcoin peaked at about $20,000," GlobalBlock's Sotiriou observed. "The fact that a comparable pace of accumulation occurs after a 70% collapse illustrates retail holders' confidence in Bitcoin's long-term worth."

According to CryptoCompare, the cryptocurrency derivatives market accounts for two-thirds of exchange-traded digital asset flows. Bitcoin futures are especially popular among institutional investors in the United States since they are traded on the CME and regulated by the Commodity Futures Trading Commission.

The CME provides two types of Bitcoin futures contracts: a normal contract worth 5 Bitcoin, or more than $115,000 at current rates, and a micro contract worth 10% of 1 Bitcoin, or approximately $2,300. The former is more popular with institutional investors, while the latter is aimed primarily at retail investors.

Subscribe Our Newsletter

Chip Stocks Are Getting Pricey. Here Are a Few That Still Look Cheap
Chip Stocks Are Getting Pricey. Here Are a Few That Still Look Cheap

While chip stocks have performed well in the face of worldwide semiconductor shortages, several of the largest brands appear to be pricey. Nvidia (NVDA), the strongest performer in the PHLX Semiconductor Index, or Sox, year to date, has gained over 130% this year.

Stocks
Stock Market News Live Updates: Stocks Rise For A Fourth Straight Session: S&P 500 Gains 0.9%, Dow Adds 224 Points, Or 0.6%
Stock Market News Live Updates: Stocks Rise For A Fourth Straight Session: S&P 500 Gains 0.9%, Dow Adds 224 Points, Or 0.6%

The stock market rallied during Wednesday's bumpy session as investors digested a new set of earnings reports from several key index companies and attempted to shake off the effects of January's instability.

Stocks
Oliver

How to Provide Liquidity to Cryptocurrency Exchange?
Cryptocurrency is already changing the face of trading. Due to the greater demand for crypto assets, new exchanges are hitting the market with promised convenience and features. However, every cryptocurrency exchange requires liquidity.

discover
What is Data Analytics? Techniques, Tools, Methodology, and More

Tamta

What is Data Analytics? Techniques, Tools, Methodology, and More

In today's hyper-connected world, the lifeblood of successful businesses is not just data but the ability to use it effectively. Data analytics has become an indispensable tool in the strategic arsenal of any enterprise aiming to thrive and expand. 

Fintech

Contact Us

Contact the Liquidity Provider
for any questions and advertising inquiries b2broker

    Please fill out this contact form to get in touch with us

    / 3000

    By clicking “Get in touch” button, you agree to the privacy policy

    Tamta

    Credit Cards vs. Debit Cards

    https://liquidity-provider.com/app/uploads/2023/06/cover-800x540.jpg

    Tamta

    Investing In Private Equity: What Should You Know?

    https://liquidity-provider.com/app/uploads/2023/05/cover-7-800x540.jpg

    Tamta

    What is Data Analytics? Techniques, Tools, Methodology, and More

    https://liquidity-provider.com/app/uploads/2023/05/cover-6-800x540.jpg

    Tamta

    Bitcoin Halving is Coming: What Does it Mean for the Crypto Market?

    https://liquidity-provider.com/app/uploads/2023/05/cover-4-800x540.jpg

    Tamta

    Crypto Token Supply From A to Z

    https://liquidity-provider.com/app/uploads/2023/05/cover-3-800x540.jpg

    Tamta

    What Is ChatGPT, And How Can You Use It?

    https://liquidity-provider.com/app/uploads/2023/05/cover-2-800x540.jpg

    Anton

    Trading on Autopilot: The Rise of Crypto Trading Bots

    https://liquidity-provider.com/app/uploads/2023/05/cover-1-800x540.jpg

    Tamta

    Crypto Investing vs. Crypto Trading: What’s The Difference?

    https://liquidity-provider.com/app/uploads/2023/04/cover-5-800x540.jpg

    Tamta

    Understanding Indexed Universal Life Insurance (IUL)

    https://liquidity-provider.com/app/uploads/2023/04/cover-4-800x540.jpg

    Tamta

    Best Investment Strategies For Beginners

    https://liquidity-provider.com/app/uploads/2023/04/image1-800x540.jpg

    Tamta

    Understanding Perpetual Futures: How Do They Work?

    https://liquidity-provider.com/app/uploads/2023/04/cover-3-800x540.jpg

    Tamta

    What Is A Bitcoin Stock-To-Flow Model? Beginner’s Guide

    https://liquidity-provider.com/app/uploads/2023/04/cover-2-800x540.jpg

    Tamta

    Best Decentralized Crypto Exchanges In 2023

    https://liquidity-provider.com/app/uploads/2023/04/cover-1-800x540.jpg

    Tatma

    Best High-Yield Savings Accounts For March 2023

    https://liquidity-provider.com/app/uploads/2023/04/cover-800x540.jpg

    Tamta

    Crypto Trading For Beginners

    https://liquidity-provider.com/app/uploads/2023/03/cover-8-800x540.jpg

    Tamta

    How To Make Money With Cryptocurrency

    https://liquidity-provider.com/app/uploads/2023/03/cover-7-800x540.jpg

    Tamta

    What Is A Candlestick Chart?

    https://liquidity-provider.com/app/uploads/2023/03/cover-6-800x540.jpg

    Constantine

    White Label Forex Software — Ultimate Guide on How to Choose The Best Industry Solution

    https://liquidity-provider.com/app/uploads/2023/03/cover-3-300x203.jpg

    Tamta

    Forex Trading: A Beginner’s Guide

    https://liquidity-provider.com/app/uploads/2023/03/cover-2-300x203.jpg

    Tamta

    How to Create a Cryptocurrency

    https://liquidity-provider.com/app/uploads/2023/03/cover-1-1-300x203.jpg

    Tamta

    Top Ten Richest People In The World, 2023

    https://liquidity-provider.com/app/uploads/2023/03/cover-4-1-300x203.jpg

    Constantine

    What’s at Stake? Here’s How to Avoid Scam Tokens

    https://liquidity-provider.com/app/uploads/2023/03/cover-5-300x203.jpg

    Constantine

    Investing in Currencies That Are More Valuable Than the American Dollar

    https://liquidity-provider.com/app/uploads/2023/02/cover-2-300x203.jpg

    Alexander

    5 Best Forex CRM Solutions for 2023

    https://liquidity-provider.com/app/uploads/2023/02/cover-300x203.jpg
    • News
      • Stocks
      • Banks and Finance
      • Companies
      • Crypto
      • Forex
    • Articles
      • Forex CRM
      • Crypto Payments
      • Trading
      • Crypto Exchange Business
      • Forex Business
      • Fintech
      • Liquidity
      • FinTech Awards
    • More
      • Videos
      • Liquidity Providers List
      • Crypto Payment Providers
    [email protected]

    © 2023 Liquidity Provider. All Rights Reserved

    Privacy Policy Cookie Policy