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

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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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