A report is publiced by CryptoQuant, according to this report Bitcoin demand has increased in the US following comments by Federal Reserve Chairman Jerome Powell. This increase was clearly visible on the Coinbase exchange. The transfer of Bitcoin from non-US platforms to the Coinbase exchange is a sign of an upward trend in the price. In addition, demand for this security on the futures market has also increased. Despite this increase in demand and the 6% increase in the price of Bitcoin in recent weeks, investors have failed to make significant gains.In 30-day apparent demand growth for Bitcoin has fallen to -36,000 from 496,000 in early April. CryptoQuant emphasizes that the digital currency market needs to increase the apparent demand for Bitcoin to fully recover and reach higher price levels.
Post a Comment
0Comments