Market in wait-and-see mode as Bitcoin volumes stagnate
Market in wait-and-survey mode as Bitcoin volumes stagnate
Bitcoin's switch volumes remain subdued, reflecting broader market indecision and consolidation
Monitoring Bitcoin's switch volumes presents us perception into the community's economic exercise, revealing heightened market participation right through bull runs or downturns. Glassnode's entity-adjusted metric filters out interior transactions, offering a clearer survey of true market movements. On March 15, Bitcoin's switch quantity hit an all-time excessive of $13.670 billion, coinciding with its peak mark two days prior. Alternatively, since mid-March, the market has cooled off, with switch volumes struggling to surpass $7.5 billion. As Bitcoin's mark stays fluctuate-rush between $60,000 and $65,000, put of living volumes have also considered a vital decline. However what lies on the back of this stagnation, and what can be the major trigger to... [Subscribe to CryptoSlate Alpha to discover the key drivers that could spark Bitcoin's next big move.]
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