Around 60% of Bitcoin Holders Are in Profit Despite the Current Bearish Price Action - BitcoinEthereumNews.com
स्रोत: intotheblock.comNot a ‘severe’ bear market Earlier on Monday, Blockchain analytics firm Glassnode had also remarked on Bitcoins price consolidation. The weekly report वर्णित, “We can see that the current bear market is not as severe as the worst phases of all prior cycles, with just 25% to 30% of the market being at an unrealized loss.” However, Bitcoin has dropped a significant 13% in the past week, as per calculations by Coingecko. A level that most respondents on crypto analyst PlanBs Twitter poll also expected. What‘s putting pressure on Bitcoin’s price? The dip follows reports that the correlation between Bitcoin and big tech stocks, as indicated by the Nasdaq 100 index, has touched record levels. And with the headline Consumer Price Index (CPI-U) in March at a whopping 8.5% तक over the last 12 months, the expectation of a rate hike is putting pressure on these risk assets. Therefore, as per experts, the tightening monetary policies are souring sentiments for the king coin as well. However, Terra‘s aggressive बिटकॉइन संचय has been a piece of positive news for the token lately. Terra’s लूना Foundation Guard has bought another $100 million worth of Bitcoin, as per a कथन by Terraform Labs co-founder Do Kwon. Meanwhile, another