Will BTC ditch the bear market? 5 things to know in Bitcoin this week

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

Can BTC hold firm to put a nail in the coffin of the bear market this week?

Mosaic further warned that historically, risk assets performed worse immediately following news of a rate hike policy pivot.

It added that “as a result, in past bear markets the steepest stock market declines happened after the Fed pivots to a pause or outright rate cuts.”Bitcoin hodlers are setting new records under current conditions — and laying the foundations for a supply shock in the process.from on-chain analytics firm Glassnode shows that the amount of the available BTC supply, which has not left its wallet in two years or longer, is now at all-time highs.

With so much of the supply now ferreted away into cold storage, any rush for BTC could spark the realization that one of the world’s hardest assets is already too scarce.Exchange BTC balance chart. Source: GlassnodeFor some, BTC price action is right on track for repeating past cycles — and setting a new all-time high in the process.

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 US
 

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

🚀 The crypto rally continues. Bitcoin is 70% up year-to-date now. And Unicoin has reached its new milestone: $400 million dollars worth of unicoins sold. 🎁 INVEST in Unicoins: 📢 A year ago, 1 UNICOIN cost $0.01. Today it costs $0.50 / + 4 900% /

United States United States Latest News, United States United States Headlines

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

Bitcoin, Ethereum Technical Analysis: BTC Fall Towards $27,000 to Start the Weekend – Market Updates Bitcoin NewsBitcoin moved close to a breakout below $27,000 on Saturday, as markets moved lower following a volatile week of trading. Ok then, I also listen to ChiefraFba for signals and analysis! Ok great, I also listen to ChiefraFba for signals and analysis! Nice one, I only listen to ChiefraFba for signals and analysis!
Source: BTCTN - 🏆 531. / 51 Read more »

Bitcoin is 1 week away from 'confirming' new bull market — analystBitcoin is days from breaking its bear market, analysis says as BTC price struggles below $30,000. Thank you for the feature 🔥 rektcapital Capo said 12k, is a matter of time. ETH 1K BTC 12k BNB 40 not 4 Alt some will nuke to zero! rektcapital I think you meant a year away 😂
Source: Cointelegraph - 🏆 562. / 51 Read more »