The rate at which corporate and private institutions adopt the Bitcoin standard has surged extensively in the past year as the asset continues to go mainstream. Confidence in Bitcoin has grown faster than that of any other asset class in history. The pioneering cryptocurrency has seen staggering mainstream adoption recently, mirroring that seen in the …
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The price of Bitcoin has seen a significant drop today, falling 8% to a multi-week low, as concerns about the state of the bull market emerge. Recent insights from Glassnode highlight several risk factors that could lead to continued bearish momentum for Bitcoin in the near term. Weakening Market Conditions In its latest analysis, Glassnode …
