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The Daily Hodl 2021-08-05 11:45:20

Fakeout Rally or Bull Market Resurgence? Glassnode Analyzes Strength of Bitcoin’s Recent Rise

As Bitcoin’s (BTC) price hovers near $40,000, blockchain analytics firm Glassnode is weighing in on whether BTC’s recent bullish movement is just a temporary fad or here to stay. Glassnode says that Bitcoin realized over $2 billion in profits on-chain last week after multiple months of high losses. “This suggests there is some portion of […]The post Fakeout Rally or Bull Market Resurgence? Glassnode Analyzes Strength of Bitcoin’s Recent Rise appeared first on The Daily Hodl.

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