opinion

BTC Network Fundamentals Strongest Since 2017

BTC Network Fundamentals Strongest (SpotedCrypto)

Jamie Coutts, a crypto market analyst at Bloomberg Intelligence, told X: "The media has attributed bitcoin's 150% rise over the past year to anticipation of a spot ETF launch. However, BTC's network fundamentals, along with new use cases like inscription, are the strongest they've been since the 2016-2017 cycle." "To measure fundamentals, we can look at different components of BTC's network activity. Right now, the bitcoin network activity index is at an all-time high, but the BTC price is 40% below its peak. This suggests that BTC is undervalued.

Bitcoin recovers $64,000 price after 42-day Bitcoin correction, absorbing more than $3 billion in selling pressure

BTC has regained $64,000, according to Coinness Market Monitor. On the Binance USDT market, BTC is trading at $64,102.48. "Bitcoin has completed a 25.6% correction that lasted 42 days," an anonymous crypto trader, Rekt Capital, told X. "It's been a long

blockchain crypto cryptocurrency Altcoins have topped out (SpotedCrypto)

Andrew Kang: "Altcoins have topped out, except for some memes"

As Andrew Kang, co-founder of crypto investment firm Mechanism Capital, recently told X, "A common mistake crypto investors make is buying too quickly when an uptrend turns down. The correction is longer and deeper than most people expect. When the majority are liquidating and questioning that crypto is dead,

blockchain crypto cryptocurrency michael saylor btc rise to 10m (Spoted Crypto)

Michael Saylor "BTC to rise to $10 million"

Michael Saylor, founder of MicroStrategy, which holds the most Bitcoin by a single company, said in a YouTube podcast that "Bitcoin will go to $10 million". "BTC is the perfect money, it's economically immortal. Economics is a quasi-religious humanities discipline, full of people's

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