Bitcoin BTC +7.9% and cryptocurrency prices are struggling after crashing back in recent months following the collapse of the algorithmic stablecoin terraUSD and its support coin luna—sparking some wild crypto price predictions.
The bitcoin price has this week bounced around the closely-watched $20,000 per bitcoin level while the ethereum price has built some support above $1,000 per ether. Other top ten cryptocurrencies—BNB BNB +2.6%, XRP XRP +3.4%, solana, cardano and dogecoin—have also inched higher, adding more than $100 billion to the combined crypto market capitalization from its recent lows.
Now, after bitcoin and crypto were branded "the biggest Ponzi scheme in human history", research has shown there is $140 billion "ready to be deployed into bitcoin and altcoins" after the rapid growth of crypto’s four largest stablecoins by market cap.
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...