After attaining $59,000 levels on Monday, May 3, Bitcoin has slumped back 4.5% and is currently trading at $55,677 with a market cap of $1.042 trillion. Although Bitcoin seems under selling pressure at this point, its on-chain fundamentals clearly point that the world’s largest crypto is undervalued at this stage.
Bitcoin (BTC) NVT Ratio Reset Suggests Undervaluation At Current Price, Bullish Signals Intact
coingape.com
04 May 2021 07:44, UTC