Despite 'worst bear market ever,' Bitcoin has become more resilient, Glassnode analyst says

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 51%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

The Bitcoin bear market is the worst on record. And yet, the Bitcoin network is stronger than ever. Find out why in our latest interview with _Checkmatey_. from Glassnode.

) network is becoming increasingly resilient, said Glassnode analyst James Check during a recent interview with Cointelegraph.

In particular, Check refers to the amount of Bitcoin holders who don’t sell even in extreme market conditions, which has become much higher than in previous bear markets.Check also points out that shrimps, the entities who hold less than one Bitcoin, are accumulating at a record pace, surpassing the levels of the 2017 bull market’s peak.Check out the full interview on our

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 562. in UK
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

_Checkmatey_ Doesn't take a fucking genius to say 'well innovations in hardware means that hash rate goes up exponentially even if people are shutting off'

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Longtime Investment Analyst Names Major Problem for BitcoinBitcoiners actually hope for more money printing despite criticizing it, biancoresearch says
Source: Utoday_en - 🏆 295. / 63 Read more »

Sports sponsorships sealed amid market turmoil as Man City inks deal with OKXDespite the current bear market, crypto and sports partnerships have been going strong, with fellow EPL team Everton also recently signing a match kit sponsorship with crypto gambling firm Stake. Man city should learn from Liverpool and get in on Polygon. That's where all the respectable football clubs are looking to go to with their names and products, using its superior tech to power their venture in the Web3 space. Buy through your credit or debit card altbaseApp is the most reliable source and best app for buying all the altcoin BSC btc I see that Manchester City is trying in every possible way to get money
Source: Cointelegraph - 🏆 562. / 51 Read more »