4 Articles
4 Articles
Bitcoin broke out of its previous range last week, rising from around $63,000 to approximately $80,000. Significant strength in spot demand and increased trading volume indicate that the price movement is sustainable. The strengthening buying in the market propelled Bitcoin rapidly from the $63,000 level to near $80,000, signaling strong capital flows in market depth. Glassnode's Price Momentum Index surged to 82.5, exceeding its upper limit and…
The fall in bond yields boosts the appetite for risk while the market monitors the US-Canada trade war and the further decline of oil.
After months of stagnation, Bitcoin is back in colour and is now showing at more than $80,000, taking advantage of a more favourable economic context.
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