The recent dip in the price of Bitcoin, which saw the cryptocurrency crash below $50,000, has left many investors reeling. While the market has since recovered, with Bitcoin now trading around $60,000, the question remains: what led to this sudden downturn? One key factor, as highlighted by Glassnode’s recent report, is the behavior of short-term
Bitcoin
Bitcoin experienced a significant spike of over 6% in response to the Federal Reserve Chairman Jerome Powell’s announcement of adjusting its policy and hinting at a potential rate cut at the upcoming meeting. This unexpected news has contributed to the recent volatility in Bitcoin’s price, with fluctuations occurring unpredictably over the past weeks. Despite this
Opeyemi is not just an ordinary writer; he is a passionate enthusiast of the cryptocurrency realm. Despite not initially choosing the digital asset industry, he has been captivated by it for over two years now. His dedication to unraveling the complexities of blockchain technology and sharing insights on the latest trends in cryptocurrencies sets him
Opeyemi is not just a writer; he is a passionate enthusiast in the dynamic world of cryptocurrency. Despite not initially choosing the digital asset industry, he has been captivated by it for over two years now. His dedication is evident in the unique pieces he creates, unraveling the complexities of blockchain technology and sharing insights
