Home News Market in wait-and-see mode as Bitcoin volumes stagnate

Market in wait-and-see mode as Bitcoin volumes stagnate

by Federico Baumbach

Market in wait-and-see mode as Bitcoin volumes stagnate

Market in wait-and-survey mode as Bitcoin volumes stagnate

Market in wait-and-survey mode as Bitcoin volumes stagnate Market in wait-and-survey mode as Bitcoin volumes stagnate

Market in wait-and-survey mode as Bitcoin volumes stagnate

with insights from Glassnode

Bitcoin's switch volumes remain subdued, reflecting broader market indecision and consolidation

Market in wait-and-survey mode as Bitcoin volumes stagnate

Quilt artwork/illustration through CryptoSlate. Image entails blended boom material that can maybe also comprise AI-generated boom material.

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.]

Source credit : cryptoslate.com

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