Bitcoin’s on-chain metrics suggest a “bullish” market regime may be imminentBTC $9922 (+7.2%) • ETH $213 (+4%) • XRP $0.22 (+2%)
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Since March’s lows, Bitcoin has gained over 100 percent, outperforming most other over $100 billion assets within the same time frame. Yet, this may be the start of an even greater rally with a top on-chain analytics firm affirming that per their data, BTC is just transitioning to a “bullish” market regime, exiting the bear market it was embroiled in prior to the recent gains. With there being no cash flow statements and balance sheets to scrutinize to value Bitcoin, analysts have turned to the next best thing: on-chain data. Due to the fact that blockchains are public, their data can be crawled by analysts to determine the health of a network, the composition of users, among many other things. More news ⏬Strix Leviathan launches proprietary trading platform Octopus
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Despite the global lockdown and reduced business activities, the cryptocurrency investment space continues to see larger deals. Research: Ethereum 2.0 will be “extremely complicated,” making delays “likely”
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Bitcoin’s seeing increased retail interest ahead of its upcoming halving event on May 12, if Google’s search trends are considered. What else?🐮 In a post-COVID world, Australia turns to blockchain for protecting $7 billion beef export industry 🛰 Blockstream’s satellite just made downloading Bitcoin without the internet easier and 25x faster Featured sponsors🎬 ChainFlix - ChainFlix is a revolutionary blockchain-based P2P video streaming platform that allows viewers, content creators, and enhancers to monetize their time, contents, and efforts. In the Chainflix platform, coins are to be mined during the video-viewing process, and all participants in the system (content creators and activators, storage providers, viewers, operation participants and advertisers) are organically connected in a way to ensure user-oriented operation and fair distribution of blockchain-based and PoA algorithm-mined coins among the participants. Learn more ☁️ Bitcoin Wallet - Bitcoin Wallet is a cloud-based mobile and desktop cryptocurrency storage and exchange app with a focus on security, speed and convenience. Bitcoin Wallet allows you to use any coins, tokens and blockchains without any restrictions and limits. Learn more 💳 Crypto.com - Founded in 2016 on a simple belief: it’s a basic human right for everyone to control their money, data and identity. With over 1 million users on its platform today, Crypto.com provides a powerful alternative to traditional financial services, turning its vision of ”cryptocurrency in every wallet” into reality, one customer at a time. Learn more 📈 AMFEIX - AMFEIX groups investors' funds into a pool that is managed by experienced traders on liquid exchanges. Our team of professional technical traders and analysts execute open market operations on a daily basis and make profits from the volatility. Learn more Want to be seen here? Contact us Crypto market dataFor more pertinent market data, please see: Connect with usDisclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to content within this article.
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Bitcoin’s on-chain metrics suggest a “bullish” market regime may be imminent