This crucial Bitcoin metric is now at the same level as 2017s market top - BitcoinEthereumNews.com
Bitcoinयह महत्वपूर्ण बिटकॉइन मीट्रिक अब 2017 के मार्केट टॉप के समान स्तर पर है03 / 02 / 2022बिटकॉइन एथेरियम समाचार Russias invasion of Ukraine had a profound effect on the cryptocurrency market. Over the last few days, however, the market has recovered. Bitcoin, for instance, gained by around 3% in 24 hours. At the time of writing, it was trading at a level just shy of $45,000. Changing narrative(s) The latest weekly report from blockchain analytics firm Arcane Research highlighted a few other indicators to supplement bullish scenarios for Bitcoin. The “real” daily Bitcoin (BTC) volume spiked to levels unseen in three months thanks to the Russian invasion of Ukraine. The aforementioned metric pushed above the $10 billion-mark last Thursday (24 February, the first day of the invasion), marking the highest daily volume recorded since 4 December. The term “real trading volume” refers to data sourced from exchanges that are believed to be reputable and free of wash trading activities. This report cited “new crypto narratives” or rather investors putting their trust within this digital asset class. The report asserted, “Investors are speculating that crypto will become increasingly important apolitical and trust-less money in a time of escalating geopolitical uncertainty, conflict, and capital controls. This speculation may