Bitcoin [BTC]: Peter Schiff attacks cryptocurrencies as Gold steals the limelight again

2019-6-4 20:00

The world of digital assets has seen a shift in terms of sentiment as well as value, with many users getting on the crypto-bandwagon, while the market recovers from its crushing bear run. Bitcoin [BTC], the world’s largest cryptocurrency and the rest of the market, has been consistently belittled by various industries over the years.

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Bitcoin Price Fall Increases Buying Momentum, Pushes Exchange BTC Balances To 6-Year Lows

Following a major price decline in Bitcoin (BTC), market sentiment dropped back to strong levels of fear, indicating that investors are becoming increasingly cautious and risk-averse. Despite this trend, on-chain data analytics provider CryptoQuant has revealed a significant increase in BTC buying momentum, resulting in the Bitcoin balances on various exchanges dropping to six-year lows.

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