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Bitcoin ETFs and major cryptocurrencies were hit hard by Iranian missile attacks on Israel

Middle East tensions escalate, US stocks and cryptocurrencies fell collectively.On October 2, Iran launched a missile attack on Israel on Tuesday, which further escalated tensions in the Middle East, triggering cautious sentiment in global markets, and US stocks and crypto markets fell. The three major US stock indexes closed down collectively, with the Dow Jones Industrial Average down 0.41%, the S&P 500 down 0.93%, and the Nasdaq down 1.53%. Technology stocks became the worst performing sector; the crypto market fell sharply, and the escalation of tensions in the Middle East led to a rapid rise in market panic, risk assets were sold off, and market volatility increased. After Iran launched missiles at Israel yesterday, 11 spot Bitcoin exchange-traded funds ($BTC...

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Over $100 Billion Worth of BTC Still Sleeping

According to the latest data, 1.71 million BTC mined between 2009 and 2012 are still dormant, worth about $108.2 billion. These unused bitcoins account for about 8.73% of the total supply of Bitcoin, showing that early Bitcoin miners did not transfer these tokens immediately after mining.Among them, the Bitcoin born in 2009 is particularly noteworthy. According to online data, there are still 1,074,352 to 1,074,402 BTC from the block rewards in 2009. These bitcoins are stored in 21,488 wallet addresses, accounting for about 5.4% of the total supply of Bitcoin. Although a large part of them are believed to be held by Bitcoin's founder Satoshi Nakamoto, not all bitcoins from that year belong to him. Interestingly, only a very small...

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Will Gold become an industrial worthless product in the future

Antiques in prosperous times, gold in troubled times. In the inherent concept of the world, gold is synonymous with absolute value. However, the author believes that gold will be worthless in the future! Why do you say that? First of all, we need to understand gold first, because gold has the characteristics of low melting point, low hardness and extremely strong stability. In the ancient society with weak production and processing capabilities, compared with other common metals, it deservedly became the top material in the precious metal currency of ancient society because of its large reserves and easy processing.Gold can be said to be a very special existence in human society.Humans have used gold as burial objects since 6,000 years...

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