Bitcoin and its brethren appear to be healing from the damage done by the FTX collapse and the contagions that followed.
The asset hit an intraday and two-month high of $18,287 during the Thursday morning Asian trading session. BTC has now gained 10% over the past fortnight and is up 4.2% over the last 24 hours.
The world’s largest digital asset has advanced for eight straight days, the longest such streak since July, according to Bloomberg. Frank Cappelleri, the founder of CappThesis, commented:
“BTC needs to leverage this streak in a similar manner if its long-term downtrend has a chance of being broken any time soon,”
Bitcoin Breaks Out of Low Volatility
As noted by on-chain analysis firm Glassnode in its weekly report, Bitcoin has been in a period of historically low realized volatility. “Such periods have historically preceded explosive market moves, with past examples both cutting asset valuations in half and triggering new bull markets,” it stated.
The breakout appears
We współpracy z: https://cryptopotato.com/bitcoin-records-longest-rally-since-july-volatility-comes-back/
