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.

Trending: WATCH: Jerry Nadler Appears To Soil Himself As He Waddles Away From Podium

As we discussed in the previous newsletter, Jerome Powell and the Federal Reserve have now changed their inflation target to an average of 2% over time, rather than

Continue reading

You Might Like

Do NOT follow this link or you will be banned from the site!