DETROIT, July 15, 2021 /PRNewswire/ — Benzinga, a fintech media firm offering information and knowledge to retail buyers and cryptocurrency merchants, publishes its newest knowledge examine: If You’ve got Misplaced Cash Investing in Crypto, You Could Be a Dangerous Investor.
Regardless of Bitcoin plummeting 50% in worth, about 70% of Bitcoin in existence are held in revenue. Not solely this, however on-chain data suggests that those that have offered their Bitcoin within the latest months have been short-term holders promoting at a loss.
Ethereum has proven an identical development, with about 80% of the token’s provide held at a revenue. Many cryptocurrency buyers expect their investments to understand after the improve to Ethereum’s community slated to launch on August 4th, 2021.
This improve, dubbed EIP-1559, will change the framework for transactions on Ethereum. Somewhat than bidding for community house to course of transactions on Ethereum, customers can pay a base payment plus a tip to Ethereum miners. This base payment is burned, decreasing the provision of Ether in existence. As extra customers work together with the Ethereum blockchain, extra Ether might be burnt, inflicting Ethereum’s provide to develop into deflationary.
Learn If You’ve Lost Money Investing in Crypto, You May Be a Bad Investorin its entirety for the total report and evaluation.
Benzinga frequently conducts knowledge research and publishes its findings. Learn Benzinga Reports: Bitcoin Predicted to Crush Bitcoin’s ROI in 2021 for extra knowledge like this.
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For additional data, please contact Ryan McNamara at [email protected] or attain out by way of Twitter @Ryan15McNamara