As the cryptocurrency market is still struggling to recover from the protracted consequences of the FTX collapse, good things could finally be in sight as crypto whales and sharks return to accumulati...
Tag: Stockpiling
China Suspected of Stockpiling Gold to ‘Cut Greenback Dependence’ – Economics Bitcoin News
During the first week of November, the World Gold Council’s (WGC) report that covered last quarter’s global gold demand noted that central banks worldwide purchased close to 400 tons of gold in Q3 202...
China ‘likely’ stockpiling gold to lessen reliance on US dollar
This year, central banks have been on a buying frenzy for gold, but it is unclear which ones are responsible for most of that spending, which has fueled speculation that China is a major participant. ...
China’s consumer prices climb as Covid prompts food stockpiling
Fresh vegetable prices rose by 24% year-on-year in April as consumers stocked up to prepare for potential stay-home orders. Pictured here is a delivery driver for Alibaba’s Hema Fresh supermarke...
Institutional Investors Are Accumulating a Top Ethereum Rival and Stockpiling Bitcoin, According to Crypto Asset Firm CoinShares
A leading crypto asset manager says institutional investors bought Bitcoin’s (BTC) low last week, giving digital investment products their first week of inflows since early April. In the latest editio...
Ethereum Whales Stockpiling Dogecoin Competitor Shiba Inu, ApeCoin and Two Additional Altcoins: On-Chain Data
New data shows that the biggest Ethereum (ETH) whales are loading up on meme coin Shiba Inu (SHIB), the new kid on the crypto block ApeCoin (APE) and two metaverse tokens. The latest numbers from Whal...