Glassnode experts still see signs of the possible emergence of FOMO due to a major departure of Bitcoins from cryptocurrency exchanges. Since the beginning of July, the monthly outflow of BTC from these has been 50 to 100,000. Additionally, the company sees an inflow of capital into the asset, which in total creates the foundation for growth. If so, the current correction may be local, so new buyers will enter the market who expected the price of the cryptocurrency to fall. “
The last record of Bitcoin was in mid-April reaching US $ 63,000 and when everything indicated that it could reach US $ 100,000, it depreciated by half and today it cannot leave the reference line around US $ s45,000. The renewed momentum that the Bitcoin During the past week it seemed to signal new advances but in the daily charts the bullish tone seems to have been paused, which may limit the rise, according to analyst Renato Campos. At the moment, there are values that suggest a possible downward shift.
But Bitcoin It is not the only cryptocurrency that is in decline. 8 of the top 10 cryptocurrencies on the market are in negative territory. Ether has fallen to $ 3,067.15 (-2.74%), while Binance Coin has fallen 3.76% to $ 402.72. The biggest drop is of Dogecoin with -8.88% and Solana, the cryptocurrency that grows the most with a rise of 5.78%.