Category: Supply
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Bitcoin Supply on Exchanges Hits Dec 2021 Lows: What Does it Mean for BTC’s Price?
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Bitcoin price rose to $70,000 briefly this week but faltered shortly after failing to maintain momentum and taking a sharp turn. At the time of writing, the world’s largest cryptocurrency is trading at just over $67,000. However, with stock market supply falling to December 2021 lows, data suggests that a…
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New York power grid faces shortfalls as new clean energy supply lags, NYISO says (NYSE:ED)
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Gargolas/iStock via Getty Images Electrical grid in New York You will experience a shortage in supply If the rate of retirement of fossil fuel-fired power plants continues to outpace the addition of new clean energy supplies as demand rises, the New York Independent System Operator said Thursday in Annual reliability…
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Bitcoin, Ethereum On Exchanges Drop To New Lows, What A Supply Squeeze Would Mean For The Market
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Recent data shows that Bitcoin (BTC) supply And Ethereum (ETH) on exchanges decreased significantly. This means The largest crypto codes In terms of market cap it could be well poised for big moves to the upside, with an impending supply squeeze. The supply of Bitcoin and Ethereum has fallen to…
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EOS Network Foundation to cap token supply at 2.1b
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Yves La Rose, CEO of the EOS Network Foundation, announced that the community’s proposal to limit the EOS supply to 2.1 billion tokens and burn the excess has been approved. Once implemented, the proposal would burn approximately 80% of the total EOS supply, primarily from future emissions, setting a fixed…
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US asset prices are rising despite falling money supply By Investing.com
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Gavical Research experts highlighted the unusual trend of rising US asset prices despite the contraction of the money supply, which is a deviation from the typical correlation where excessive growth in the money supply leads to an increase in asset prices. While the traditional link showed signs of weakness, US…
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U.S. crude oil, natgas post back-to-back gains on supply data, rate cut hopes
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Slavko Sereda/iStock via Getty Images U.S. crude oil futures rose to their highest levels in a week on Thursday, extending gains from the previous session sparked by data showing slowing U.S. inflation and weekly storage data that pointed to a decline in domestic oil inventories. the The smaller-than-expected rise in…
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Weaker supply will drive platinum deficit higher than expected in 2024, WPIC says By Reuters
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Written by Paulina Devitt LONDON (Reuters) – The global platinum deficit in 2024 will be deeper than previously expected due to lower supplies from mines in South Africa and Russia, the World Platinum Investment Council said on Monday. The 2024 deficit of 476,000 ounces will be smaller than the 851,000…
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Network Fires Back at Token Supply FUD
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Sui, a year-old top-tier Blockchain sweetheart, faces a harsh reality check. While celebrating its first anniversary on May 3, 2034, the network found itself embroiled in controversy over its token economy, and the design and distribution of its cryptocurrency, SUI. SUI symptom: a cause for concern? The fire was fanned…
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Bitcoin Analyst Says Rally To Over $90,000 Programmed As Money Supply Grows
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Bitcoin price movement can be risky, as it is going through a major corrective phase. However, although $60,000 seems slippery for optimistic bulls, some analysts are optimistic that the coin is ready for a strong rally. Based on the previous price action, analysts assert that the coin will rise above…