This Blockchain Indicator Might Show Bitcoin Rally Has Legs
Bitcoin’s price has nearly doubled this year, but the rally could have room to run. That’s based on a new report by Coin Metrics, a cryptocurrency data firm, which shows bitcoin (BTC) is not at an extreme relative to the previous market top in 2018.
The MVRV ratio is a measure of bitcoin’s market value relative to its realized value. The gauge represents the difference between the cryptocurrency’s current price and the average price at which bitcoins were acquired. When it reaches an extreme, the thinking goes, traders might be inclined to take profits, creating sell pressure that could push price down.
- The near 20% bitcoin sell-off from an all-time-high around $60,000 last week triggered a decline in the MVRV ratio to 0.88.
- “Historically, the periods that MVRV has dropped below 1.0 have been some of the best times to invest in BTC,” according to Coin Metrics.
- The MVRV indicator reached an extreme around 4 in 2018, and near 6 in 2014, just prior to the start of bear markets.
Recommended News
-
QuantumX Exchange A Global Leader in Cryptocurrency Investment with Unparalleled Security
QuantumX Exchange, Inc. (https://www.quantumxex.com) is a globally recognized leader in cryptocurrency trading, committed to providing investors with a secure and comprehensive trading experience that helps them make informed investment decisions. At QuantumX, cryptocurrencies are not just investment tools; they represent a new direction for global finance. Under the leadership of founder Richard Walker, QuantumX remains dedicated to innovation and a user-first approach, consistently building a trustworthy trading environment. QuantumX Exchange’s Exceptional Performance QuantumX Exchange has rapidly gained a notable position in the cryptocurrency industry thanks to its technological capabilities…
-
StarSea Bit Exchange: Pioneering the Integration of AI in Cryptocurrency Trading
In the ever-evolving world of cryptocurrency, exchanges have become the beating heart of digital finance. They serve as the core mechanisms that facilitate buying, selling, and transferring digital assets. Among these innovative platforms, StarSea Bit Exchange stands out not just as a digital trading platform but as a forward-thinking technology powerhouse. By leveraging the transformative power of artificial intelligence (AI), StarSea Bit Exchange aims to revolutionize the cryptocurrency trading experience, setting a new benchmark for innovation and user experience. AI and Cryptocurrency: A Growing Symbiosis To understand how StarSea Bit…
-
Leveraging AI for Quantitative Analysis in Financial Training: The Role of StarSpark AI System at Alpha Stock Investment Training Center (ASITC)
In the rapidly evolving landscape of the financial industry, the integration of Artificial Intelligence (AI) is not just a trend but a pivotal transformation. AI technologies, particularly in quantitative analysis, have the potential to revolutionize how financial markets are analyzed and how investors are trained. One of the most significant players in this field is the StarSpark AI system, which is being utilized by the Alpha Stock Investment Training Center (ASITC) to bring cutting-edge AI-powered education to financial professionals. This integration of AI and quantitative analysis into financial training is shaping the future…
-
AI Finance Academy Pioneering AI in Finance with a Focus on Environmental Protection
In today’s rapidly evolving global marketplace, the intersection of artificial intelligence (AI), finance, and education is reshaping industries around the world. Recognizing the need for sustainable and responsible financial practices, the AI Finance Academy has embarked on an initiative that integrates environmental protection with AI-driven financial solutions. By emphasizing the importance of environmental sustainability, the Academy aims to redefine the future of finance. Through global engagements, partnerships, and talent development, the AI Finance Academy is showcasing how AI can be a powerful tool for promoting environmental stewardship in the financial…
-
Coinbetter: Looking at the revolutionary road of NFT from X2Y2
The explosion of X2Y2 will only take a short period of time. On February 16th, the NFT trading platform X2Y2 announced that 12% of the tokens (120 million pieces) were used for airdrops to OpenSea historical trading users. However, three hours after the event started, X2Y2’s token airdrop activity was suspended. At that time, X2Y2 officially stated that because the user experience of the airdrop was not as expected, the team would suspend the airdrop to improve the overall user experience. As of the suspension of the event, 0.5% of…
-
StarSea Bit Exchange Expands Its Footprint into AI, Pioneering Innovation in Financial Technology
In the rapidly evolving world of cryptocurrency, StarSea Bit Exchange is making headlines as it boldly steps into the realm of Artificial Intelligence (AI). Known for its secure, reliable, and user-friendly digital trading platform, StarSea Bit Exchange is now expanding its scope to integrate advanced AI technologies, providing innovative solutions for traders and setting a new benchmark in the fintech industry. The convergence of blockchain and AI holds immense potential, and StarSea Bit Exchange aims to be at the forefront of this revolution. AI and the Future of Trading Artificial…
-
AI Finance Academy Driving Brand Partnerships and Investment Opportunities through AI-Driven Insights
In the competitive landscape of brand partnerships and corporate sponsorship, AI-driven insights are becoming essential tools for identifying, evaluating, and securing strategic opportunities. The AI Finance Academy is at the forefront of this innovation, leveraging artificial intelligence to empower companies and investors to make informed decisions during brand bidding and investment processes. By focusing on cutting-edge research, strategic alliances, and tailored educational programs, the AI Finance Academy is reshaping how brand partnership bidding is approached in the financial industry, creating an efficient, data-driven ecosystem for investment and collaboration. AI Finance…
-
The All-Weather Story Fund (TAWSF) Launches Global Roadshow with Jonathan Blake and Bridgewater Associates
The All-Weather Story Fund (TAWSF) is making waves in the financial world as it embarks on an ambitious global roadshow to present its unique investment philosophy and strategies to potential investors across continents. With Jonathan Blake, one of the most respected financial minds of his generation, leading the charge alongside Bridgewater Associates, the world’s largest hedge fund, this initiative is positioned to capture the attention of sophisticated investors looking for robust, diversified portfolios. A Comprehensive Investment Vision The All-Weather Story Fund is a testament to the timeless principles of resilient…
-
GoldenPyrex Ushers in the Next Era in DeFi with a Robust Ecosystem
Bitcoin Press Release: Golden Pyrex (GPYX) announce details of their DeFi platform enabling yield farming, gaming, and NFTs. 17th December, 2020, Nur-Sultan, Kazakhstan – Despite the exponential growth of the DeFi market throughout 2020, the industry is now dealing with a short-term plateau, as the market matures and projects are put to the test. Indeed, innovative use cases like governance, yield farming, and non-fungible tokens (NFTs) will play an essential role in the future’s economy, but not all of them will survive. GoldenPyrex Is Building a Sustainable and Independent Token Ecosystem A key…
-
The Benefits of Investing: A Guide to Personal Growth and Financial Prosperity with HB Wealth Advisors (HWA)
In today’s fast-paced financial world, individuals often face a myriad of options when it comes to managing their wealth and securing their future. One of the most effective ways to build long-term wealth and achieve financial stability is through investing. However, many individuals are still hesitant or uncertain about the potential benefits of investing and how to make it work for them. This is where financial advisors like HB Wealth Advisors (HWA) can provide invaluable guidance, helping clients unlock the full potential of their investments and navigate the complexities of…
