Professionals Say ‘Very Healthy’ Bitcoin Correction Creates Ground For More Stable Growth ‘By Cointelegraph


Professionals Say ‘Very Healthy’ Bitcoin Correction ‘Creates Ground For More Stable Growth’

and the broader cryptocurrency market took a beating at the end of April 22, and heavy selling saw the price (BTC) drop below $ 48,000 in a move that was a relief to quantitative analysts like PlanB who were concerned that price growth showed signs of being inorganic. A variety of factors have been identified as the cause of the price drop, including an overcrowded futures market and strong small to medium-sized whale sales activity. Aside from whale activity in the cryptocurrency market, the most shocking development was a proposal by the administration of the President of the United States, Joe Biden, to increase the capital gains tax for people who earn more than $ 1 million per year. 4 hour chart. Source: TradingViewNet Transfer of Bitcoin to / from Exchanges. Source: Glassnode, S2F CapitalBitcoin Mobile Profit and Loss (MPL). Source: WhalemapDaily cryptocurrency market performance. Source: Coin360 Continue reading on Coin Telegraph

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