For the past month or so, bitcoin prices have been trading in a relatively narrow range, between $30,000 and $31,500, as bulls and bears battle for control during a prolonged period of price consolidation. right. The same happened in March 2023, but for a shorter period of time. At that time, the cryptocurrency kept fluctuating in the range of 26,000-28,000 US dollars, and then broke through the 30,000 US dollars mark, but encountered greater resistance […]
Unlike investing in traditional currencies, Bitcoin is not issued by a central bank or backed by a government, so the monetary policy, inflation rate and economic growth indicators that usually affect the value of any fiat currency do not apply to Bitcoin’s pricing system . The following are 4 main factors that affect the price of digital currency to help you understand the trend of digital currency price. For details, please refer to the relevant […]
Bitcoin’s recent trading situation has indeed attracted widespread attention in the market. According to Glassnode’s report, the total amount of Bitcoin’s on-chain movement accounted for 3.8% of the total supply, a figure that hit a record high and even surpassed the wave of funds fleeing last year triggered by the collapse of FTX. This shows that the Bitcoin market is undergoing a massive reshuffle and redeployment of funds. $30,000 is an important psychological support levelThe […]