The world’s largest cryptocurrency Bitcoin (BTC) crashed all the way to $54,500 earlier before recovering partially. Some of the on-chain metrics like Bitcoin MVRV (market-value-to-realized-value) hint at some caution going ahead. As of press time, the Bitcoin price is trading at $55,770 with a market cap of just under $1.1 trillion.
Bitcoin MVRV Turns Negative First Time Since March 2023, End of Bull Run Soon?
coingape.com
08 July 2024 11:10, UTC