Is Bitcoin mirroring its previous market recoveries? VanEck thinks so…

  • 📰 CryptoAmb
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 68%

Indonesia Berita Berita

Indonesia Berita Terbaru,Indonesia Berita utama

According to VanEck analysts, BTC could be ripe for a recovery amid reducing miner sell-offs, increased network activity and decline...

Analysts cited strong network activity and a decline in funding costs in BTC Futures, the world’s largest digital asset has shown remarkable resilience lately. It is, in fact, now mirroring its earlier market recoveries, it said.that BTC’s strong network activity and a drop in future funding costs could be signs of a likely strong recovery.

“Over the past 30 days, the 7 DMA annualized cost of funding Bitcoin futures has dropped from ~11.6% to ~8.8% for a relative decline of ~24%. These levels indicate a risk appetite similar to those seen during market recoveries following 20%+ BTC price drops in early May and July of this year.” However, the analysts noted that the recent drawdowns were normal retracements during BTC bull markets.

Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

 /  🏆 22. in İD
 

Terima kasih atas komentar Anda. Komentar Anda akan dipublikasikan setelah ditinjau.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

VanEck CEO: ‘Bitcoin will be half of gold market cap,’ can hit $350KBitcoin could hit $350k per coin if it hit a half of gold's total market cap, according to VanEck CEO projection.
Sumber: CryptoAmb - 🏆 22. / 68 Baca lebih lajut »

Crypto whale scoops up 84,000 BTC in July: Bullish market shift?Crypto whales have significantly increased their Bitcoin holdings in the past month, accumulating over 84,000 BTC.
Sumber: CryptoAmb - 🏆 22. / 68 Baca lebih lajut »