Source: CoinTelegraph ↗
Bitcoin may have bottomed before its traditional cycle low: Grayscale’s Pandl
What the source reports
Grayscale’s head of research said that Bitcoin may have bottomed, arguing that macro factors, such as interest rate decisions as increasingly driving the price action of this maturing asset class.
Read the original report on CoinTelegraph ↗Live market context
Market figures are live reference data, not evidence that this report caused a price movement. Not financial advice.
Related news
Open news desk →Crypto catches its breath as bitcoin settles into a holding pattern amid July rally
BTC is rangebound between $64,000 and $66,800 after a 13% recovery from July's lows, with macro markets offering little direction and WLFI the session's surprise standout at +12%.
Bitcoin’s $69,000 test could expose its whale-led rebound as a fragile Fed gamble
Bitcoin trades near $65,978, below the $69,000 level Glassnode treats as the average cost basis for short-term holders, and the Federal Reserve's July 28-29 meeting will decide if this disconnect can be closed. June payrolls rose by only 57,000, unemployment stayed at 4.2%, and revisions cut April and May payrolls by a combined 74,000. Core […]The postBitcoin’s $69,000 test could expose its whale-...
Live markets: Bitcoin trades above $65,000 as Alphabet's bigger AI bill props up the chip trade
Alphabet beat on revenue but raised its AI spending forecast again, sending its stock lower after hours. For the chip complex bitcoin tracks, more spending is the bullish read.