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Why EDX Listed Bitcoin, Ethereum, Litecoin, and Bitcoin Cash
Bitcoin Cash (BCH) has experienced a significant surge in price, jumping from $113 to $224 in June. This increase can be attributed to its inclusion on the EDX Markets crypto exchange, backed by major Wall Street players. Bitcoin Cash, along with Bitcoin, Ethereum, and Litecoin, was chosen due to its perception as a digital commodity by regulatory bodies, providing regulatory clarity and mitigating legal challenges. Emerging Prime Trust ties have traders fretting over TUSD
With short interest mounting, traders say they’re parsing liquidity, as well as pricing, on the stablecoin True USD.
The issuers of True USD (TUSD) had previously claimed that it had “no exposure” to digital asset on- and off- ramp company Prime Trust that had been recently shut down by Nevada regulators.
But most recent attestation reports as reviewed by Blockworks, said that it has a $26,000 exposure to the company — which regulators have moved to place under receivership. That exposure, though, is a pittance of TUSD’s $3 billion circulating supply.
Minting and redemption mechanisms around TUSD tokens have become muddled, with some users saying they’ve had trouble on both fronts.
Carlos Gonzalez, a research analyst at 21.co, told Blockworks on Thursday that it “didn’t make a lot of sense” for TUSD’s apparent liquidity issues to be attributed to its $26,000 of Prime Trust exposure alone.
“It’s insignificant,” Gonzalez said. “It’s basically nothing [compared to its $3 billion circulating supply]. If it had just been $26,000, it didn’t make a lot of sense for the stablecoin to pause minting and redemptions — but apparently Prime Trust was the clearing bank [of TUSD], and that’s why that happened.” How to Prepare for the Next Crypto Bull Run
Many investors in the cryptocurrency market eagerly search for clues about the next crypto bull run, hoping to capitalize on the potential profits it can bring. In this article, we will explore the concept of a bull run, the influence of Bitcoin halvings, and address the question of when the next bull run might occur.
While it’s important to note that predicting bull runs is nearly impossible, we will provide insights into how investors can prepare themselves for macro gains in the market and make smart investment decisions. Additionally, we will emphasize the evolving nature of the crypto market and how you can find opportunities beyond the traditional Bitcoin-focused cycles.
When Is the Next Crypto Bull Run?
A bull run usually is used to describe a period of significant price growth and market excitement in the crypto industry. 2021 is the most recent example of a widespread crypto bull run, but there were also huge bull runs in 2013 and 2017.
While the exact timing of this phenomenon remains uncertain, experts have identified potential catalysts that could drive the market forward. One such catalyst is the Bitcoin halving, an event that occurs approximately every four years and reduces the number of new bitcoins miners can mine by half. This process, ingrained in the Bitcoin protocol, limits the total supply of bitcoins to 21 million. The next halving is projected to take place in or around April 2024, creating anticipation for a potential surge in prices and market activity.
It is significant to note that, in the past, Bitcoin halvings have occurred the year before large crypto bull runs. The bull runs in 2013, 2017, and 2021 all occurred after Bitcoin halvings in 2012, 2016, and 2020. If this pattern continues, one would expect a significant crypto bull run in 2025.
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