Economic inequality is a highly debatable topic, yet it is frequently misunderstood.
Economic inequality refers to “income inequality distribution” and “wealth inequality distribution”.
What Is Income Inequality?
According to investopedia, Income inequality is an extreme concentration of wealth or income in the hands of a small percentage of a population. It has been described as the gap between the richest and the rest.
When we speak about economic inequality in this article we are speaking about countries with democratic systems because those with totalitarian regimes are equally poor except their leaders and oligarchs.
Yet when speaking about income inequality in …
Bitcoin surged more than 60% in the last month, making May the best performing month this year.
However some pullback happened with the start of the new month, June and bulls seem to have slowed down the rally, ceding more power to the bears.
But statistically speaking, what does mean the month June for bitcoin and what is the bitcoin price seasonality?
Before looking at June let take a look at historical prices in May. Statistically speaking May is the best performing month for bitcoin in the 5 last years with an average gain of 21% with a 71% high …
May has been a great month for bitcoin going from $5,200 to $9,100. This coincides with the blockchain week in New York with many events like Consensus, Magical Crypto, etc.
What is behind this sudden surge in bitcoin price?
As indicated by a new report from Binance, the biggest spot crypto exchange saw an unexpected spike in Bitcoin price in May. The report indicates that the surge was caused by an increase of interest toward bitcoin from institutions and retail users. A surge in their OTC market is also reported from new traders.
“Compared to March and April, which were
Bitcoin futures trading volume is setting an all-time-high on CME in May, according to a report published by the Block.
The Chicago Mercantile Exchange group sent a note to their customers on May 21, stating that May is “turning out to be the best month ever for CME Bitcoin Futures.” Additionally, the note reports a record day of futures trading on May 13, with 33,677 contracts being exchanged for what could be compared to $1.3 billion in BTC. Day by day volume for Bitcoin future exchanging has likewise spiked amid the bitcoin rally in May to 14000 contracts, going up …