Today news
About the same in other media
Is Bitcoin’s failure to recover above $60,000 a sign of trouble
Reading now: 925
Thanks to Bitcoin’s invalidation at $60,000, a few investors have been sweating in their seats. Its correction down to $55,600 was expected to be met with immediate recovery. However, over the last 24 hours, it hasn’t managed to lock in a position above $60,000.
In this article, we will be looking at BTC’s market position from a wider, on-chain fundamental and market structure perspective. It will also analyze if it is actually necessary to lose sleep over BTC’s movement.
Source: CryptoQuant.com
According to the attached chart, Bitcoin’s Long-Term holders have hardly broken a sweat over its recent corrections. In fact, data from Cryptoquant revealed little to no deflection in the LTH-SOPR’s value. What this implied was that BTC UTXOs with an
Read more on ambcrypto.comAbout this in other media
Expert calls El Salvador’s Bitcoin volcano bonds, ‘Michael Saylor playbook for a country’ ambcrypto.com /2 years ago
Bitcoin too volatile to be adopted as legal tender, says BoE chief cointelegraph.com /2 years ago
Cryptocurrency Prices Today: Bitcoin, Ethereum, Crypto Prices Recover From Over 15% Drop After Bill Announcement ndtv.com /2 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
