For the very first time in a Bitcoin (BTC) bull market, not only long-term investors but also short-term speculators who usually add to the daily sell pressure toward the end of a market cycle have become increasingly confident of higher prices as they hold on to their Bitcoin.This only adds to the already existing supply shock. If demand remains strong, this is a recipe for … [Read more...] about Bitcoin on-chain data suggests no bull market top at $60K, selling activity declining
Declining
Bloomberg: Declining prices suggest that NFT craze might be fizzling out
A swift 70% drop in the average price of non-fungible tokens (NFTs) is suggesting that the latest “crypto craze” might be fizzling out—just as fast as it took the world by storm recently, Bloomberg’s experts pointed out yesterday.According to the data provided by Nonfungible.com, a platform that monitors various NFT marketplaces, the average price of crypto-collectibles peaked … [Read more...] about Bloomberg: Declining prices suggest that NFT craze might be fizzling out