Bitcoin Minnows Are Resilient as Lengthy-Time period Whales Capitulate to Stress

“The [European Union] just isn’t prepared for a gasoline embargo, however it imposed a ban on Russian coal after the bloodbath within the Ukrainian city of Bucha. And the excessive likelihood of an settlement on oil underscores how a lot the conflict in Ukraine has pressured Europe to rethink its reliance on Russian power. In 2020, the bloc imported about 35% of its oil, 40% of its pure gasoline and slightly below 20% of its coal from Russia, based on the EU statistics workplace.” (Washington Submit) … “Coronavirus instances are surging once more in South Africa and public well being specialists are monitoring the state of affairs, desirous to know what’s driving the spike, what it says about immunity from earlier infections and what its implications are globally.” (The New York Instances) … “Charges have risen so dramatically as a result of Bitcoin has a aggressive marketplace for transaction charges, which fund community safety, and rising demand has made transactions extra expensive. The final time Bitcoin charges have been low sufficient for something near micropayments was June of 2015, when the price of a easy ship broke 5 cents. They haven’t regarded again since. Even within the deep darkish doldrums of the 2019 bear market, with the bitcoin (BTC) forex buying and selling as little as $3,000, charges have been constantly above 10 cents.” (CoinDesk columnist David Z. Morris)

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