Bitcoin Is Climbing From $ 11400 To Over $ 11700

Bitcoin Is Climbing From $ 11400 To Over $ 11700

The US Federal Reserve (Fed) Chairman Jerome Powell said in his speech at the Jackson Hole economic policy symposium held virtually this year that the Fed would target "an average of 2.0 percent" inflation, climbing from $ 11400 to over $ 11700, Bitcoin is moving close to this value. Bitcoin has grown 0.59 percent in the last 24 hours to $ 11,682.32, with a total market cap of $ 215.83 billion. In the crypto money markets, the 24-hour trading volume, which rose to $ 111.29 billion in the middle of last week, remained below $ 100 billion with $ 93.03 billion in the last 24 hours. While the value of 43 of the 100 units with the highest market volume of the cryptocurrency markets has declined in the last 24 hours of trading, 2 units of those that have fallen were among the top 10 units. Total market volume in the cryptocurrency markets increased from $ 355.65 billion on Friday to $ 372.95 billion, an increase of about $ 17 billion, with Bitcoin accounting for 57.9 percent of the total market volume in 27,434 markets where 6,629 cryptocurrencies are traded. The changes in the top 10 cryptocurrencies are as follows: 1.Bitcoin increased 0.59 percent to $ 11,682.32, 2. Ethereum, up 5.15 percent to $ 425.68, 3.XRP $ 0.28, up 2.45 percent, 4.Tether is down 0.04 percent to $ 1.00, 5.Chainlink, down 1.30 percent to $ 16.81, 6.Bitcoin Cash, up 2.50 percent to $ 278.62, 7.Litecoin is up 6.57 percent to $ 62.25 8.Bitcoin SV up 2.78 percent to $ 196.75, 9.Crypto.com Coin up 1.47 percent to $ 0.17, 10.Binance Coin was trading at $ 23.47, up 1.82 percent. Comparing the value assets defined as 'safe harbors', Tyler Winklevoss, co-founder of Gemini exchange, first asked "Are safe harbors really safe?" Reminding that investors in the search for safe ports mostly focus on assets such as gold, oil and dollars, Winklevoss pointed out that in reality these value assets have their own weaknesses, reminding Winklevoss that assets such as gold, silver and oil have difficulties such as transportation and storage. As new reserves of these value assets are uncovered, Winklevoss pointed out that investors prefer gold especially for protection from inflation, adding, "Although the gold reserves on our planet are limited, the same cannot be said for our galaxy." Winklevoss described the biggest problem of the dollar as 'inflation and value instability' in his blog post on the subject.