BTC price rally in doubt? Bitcoin young supply echoes 2022 bear market

BTC price rally in doubt? Bitcoin young supply echoes 2022 bear market
фото показано с : cointelegraph.com

2023-10-11 17:01

Bitcoin on-chain transaction data shows “uncertain” conditions prevailing, research says, warning that Q2 is not likely to match BTC price gains from earlier in 2023.

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Bitcoin (BTC) на Currencies.ru

$ 98631.5 (+0.12%)
Объем 24H $67.414b
Изменеия 24h: -0.05 %, 7d: 7.98 %
Cегодня L: $98439.13 - H: $99414.82
Капитализация $1951.285b Rank 1
Цена в час новости $ 27106.21 (263.87%)

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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.

2024-10-6 07:00