Long-Term Bitcoin Metrics Reversing – ‘Explosive Phase’ Seen
Bitcoin (BTC) is currently experiencing a notable surge in its value, effectively propelling the entire cryptocurrency market upwards. The recent upswing has
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Reversing
Bitcoin BTC Price Dips Below $27K, Reversing Post-CPI Rally
Ether (ETH), the second-largest cryptocurrency by market capitalization, followed a similar pattern, dropping by 1% in the past 24 hours to change hands at around $1,860. The CryptoX Market Index (CMI), which measures the overall crypto market performance, was down 1% over the past 24 hours. Source
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Latest Ethereum Blocks Suggest Validators Are Reversing Censorship
After OFAC sanctioned Tornado Cash, there was debate over whether validators should include those transactions or not. Ever since then, the Ethereum community has continued to push for a censorship reversal, and the results of those efforts now appear to be paying off thanks, in large part, to the introduction
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Bitcoin Sellers Return, Reversing Earlier Gains
The firm also noticed short-term holders purchasing bitcoin in recent weeks, with an average cost basis of $33,500 to $44,600. Still, for now, buying volume remains low, which means recent bids from short-term holders aren't enough to trigger a sustained upswing in price. Original Source
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