Baro Virtual

Blog Info Bitcoin Magazine
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Stats Has written 2 posts about cryptocurrency

Dec 11 2021

Why Increasing U.S. Dollar Strength Is A Risk For Bitcoin Price

Historical correlation between the U.S. dollar and bitcoin price indicates that current strengthening of the former could threaten the latter.For probably about two years now, it has been generally accepted in the cryptocurrency community that “BTC is an independent asset class,” which demonstrates that the first cryptocurrency performs well as an investment tool that hardly correlates with the economic cycle and...

Nov 22 2021

How Profit And Loss Supply Metrics Can Predict Bitcoin Price Rallies

As the most recent bitcoin price rally demonstrates, assessing on-chain data like bitcoin supply profit/loss metrics can be helpful for traders.On November 10, 2021, bitcoin hit its all-time high price of $69,000, per the Bitstamp exchange rate. It is truly an incredible event that BTC was able to climb so high, increasing the asset’s...

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