Ten-year Treasury yield daily close: 2.96%
The chart below shows the recent decline in the cost basis of long-term holders overlaid with the average selling price . Currently, about 70% of all BTC holders are in profit . In previous crypto bear markets, between 45%-57% of the market was in profit, according to Glassnode's data, which suggests more time before a price low is reached.Some traders are betting on higher short-term volatility because of the uncertainty over BTC's price direction and lingering macroeconomic risk.
I continue to allocate usdt to buying bitcoin. I think the growth will start by the end of May
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Fed ‘will determine the fate of the market’ — 5 things to know in Bitcoin this weekBitcoin is looking to move on from a historically bad April, but the U.S. Federal Reserve could determine its next direction. (Reporting via WilliamSuberg)
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