Crypto Market News: That the Bitcoin price is at its 11 month high despite the weakened macroeconomic scenario shows a complete turnaround in the crypto market dynamics from the bear run of 2022. Strangely, the Bitcoin 200 weekly moving average (WMA) indicator continued below the BTC price for prolonged periods in 2022, registering a behavior that was never seen before in the history of cryptocurrencies. However, currently the big whales are back to accumulating as dormant Bitcoin wallets are awakening after a decade’s time.
Also Read: Ripple To Face Trouble From XRP Holders in Court? Attorney Suggests This
The recent surge in Bitcoin price in direct correlation with the fall in First Republic Bank stock is yet another validation of the very use case of cryptocurrencies. This comes at the back of a US regional banking crisis that shook markets in March 2023 catapulted BTC price to a near $30,000 range from around $20,000.
Nic Carter: Bitcoin-Banks Correlation “Most Validating”
Po
We współpracy z: https://coingape.com/nic-carter-bitcoin-showing-once-in-a-decade-behavior/
