Market Wrap: Bitcoin Holds Over $19K, Continues Wild Ride

Market Wrap: Bitcoin Holds Over $19K, Continues Wild Ride


The metric reached a 2022 peak of 82% in March, when BTC was trading near $48,000. The lowest the metric has reached in recent history was 41% in March 2020, when BTC was trading at $5,000. Still, at the current 52% level, it’s beginning to approach the sub-50% range, where BTC would be considered oversold.

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