$51K Bitcoin price not a problem as ‘structurally, nothing has changed’
On-chain data points toward a bullish future for Bitcoin despite today’s sell-off to $50,400. On March 25, concerns surrounding the record-breaking $6.1 billion (BTC) options expiry this Friday sparked an overnight sell-off that dropped Bitcoin price to $50,400.The downturn was not a surprise for many traders and some called for a possible test of the $47,000 support level. Despite Bitcoin's loss of bullish momentum, several derivatives indicators, including a bullish futures premium and a neutral skew, suggest that the price may not drop below $50,000. BTC/USDT 4-hour chart. Source:....
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The only way to actually accomplish decentralized finance is via structurally sound money.
The largest digital currency in the world, Bitcoin, is still fluctuating below the $22K price mark. Meanwhile, its daughter token, BCH, has recently gained some green bars, surging by 7%. BCH is the hard fork of Bitcoin. Its development is structurally and technically in line with those of Bitcoin. However, there’s just one notable difference between these two digital tokens, which is Block Size. Related Reading: Institutional Investor Sentiment Remains Negative As Bitcoin Outflows Continue Segregated option was not the best answer to the scalability problem of BTC. They observed a....