On-Chain Metrics Belie Bitcoin (BTC) Dips Below $10,000, Spotlight on Tron (TRX)

On-Chain Metrics Belie Bitcoin (BTC) Dips Below $10,000, Spotlight on Tron (TRX)

Simon Peters, analyst, eToro On-chain metrics belie the dips below $10,000

While US equity markets fell last week due to drops from Big Tech, the European market plodded along and the FTSE All-Share Index rose moderately. Bitcoin and a number of alts remained relatively steady, despite some momentary blips, as Bitcoin very briefly dipped below the $10,000 level last Monday and Tuesday.

Despite the drops we saw throughout last week, we failed to see a close below $10,000, and although the sentiment in the community is clearly not overly bullish, I would say that it remains relatively neutral. That doesn’t always make for the most interesting story (and certainly not the punchiest line on which to hook a newsletter), but it does show a certain level of maturity in the sector.

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