Is Bitcoin Down?
Blog iconSuperNayr
Jan 26
Bitcoin price has 'parachuted' in recent days, plunging into the $32,900s. CryptoQuant CEO, Ki-Young Ju shared his views on this matter based on existing market indicators: the lowest price in the market could possibly be lower than the current price. The indicator is the ratio between Market Value and Realized Value (MVRV) which will usually indicate the lowest cycle. At press time, the Bitcoin price is up $4,000s, from $33,000s to 37,200s. At the moment, the market is defying many...

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