Y
Yusra31
Guest
Bitcoin is presently selling at 29,766$ which is the lowest price since June 22. Bitcoin's price has dropped by roughly 10% in the last week.
Several market indicators from around the internet deconstruct some of today's price activity.
For one thing demand for Bitcoin is much lower now than it was in April and May when the larger market was only going higher. According to data aggregator Glassnode, the network is now settling a third of the money it did back then.The Grayscale Bitcoin Trust (GBTC) on the other hand, has started releasing shares in large quantities onto the market. Grayscale is slated to release around 31,900 GBTC shares this month.
Several market indicators from around the internet deconstruct some of today's price activity.
For one thing demand for Bitcoin is much lower now than it was in April and May when the larger market was only going higher. According to data aggregator Glassnode, the network is now settling a third of the money it did back then.The Grayscale Bitcoin Trust (GBTC) on the other hand, has started releasing shares in large quantities onto the market. Grayscale is slated to release around 31,900 GBTC shares this month.