ICYMI: Bitcoin breaks above the realized price, which is one of the first indicators of a bullish reversal BTC $BTC
It is also important to note that whenever the price of a spot asset distances itself too much from the realized price, the market might face a spike in selling pressure since traders and investors would like to take their profits prior to theDespite the market's expectations, Bitcoin reacted positively to the most recent rate hike and Powell's statements that followed.
As for now, the market is comfortable with the regulator tightening up the monetary policy of the country, which at first felt too disruptive for theBut while we are seeing a short-term bounce of the first cryptocurrency, inflows to the market are still close to nonexistent, especially from institutional investors, which means there is no"fuel" that would allow Bitcoin and other cryptocurrencies to enter a proper recovery rally.
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