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WebsCrypto—News—Opinion: Bitcoin Market Is in for a Breather
News

Opinion: Bitcoin Market Is in for a Breather

By WebsCryptoJuly 22, 2022
Opinion: Bitcoin Market Is in for a Breather
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According to the latest analysis by blockchain analysis company Glassnode, although the overall CPI inflation rate in the United States has reached a 40-year high of 9.1%, the Bitcoin market has ushered in an upward respite.

With the current Bitcoin realized price of $22,092, the average unrealized loss of Bitcoin investors is -4.67% compared to the current spot price of $21,060.

Still, with market prices stabilizing between $17,600 and $21,800 and unrealized losses totaling between -$165 billion and -$198 billion, overall confirmation that the August-November rally is more akin to a bear market A rebound in relief, not a bull market resumption.

DISCLAIMER: The information provided by WebsCrypto does not represent any investment suggestion. The articles published on this site only represent personal opinions and have nothing to do with the official position of WebsCrypto.
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