Analyst Mati Greenspan in his daily newsletter Quantum Economics wrote,“But that’s being discounted because it wasn’t as bad as analysts were predicting.
After trading in a tight range over the past few weeks, the digital asset has finally broken to the upside.
Bitcoin Fundamentals GrowingJust like the price, on-chain fundamentals are showing a significant increase in the activity on the Bitcoin network.
As we saw this week, global markets continue to see massive uncertainty and instability with traditional safe-haven assets like oil plummeting below zero for the first time.
This could be one of the reasons, “BTC is becoming a more attractive asset, acting as a hedge against traditional financial markets,” noted Glassnode.

Comments to: Bitcoin’s an Attractive Asset as a ‘Hedge Against Traditional Financial Markets’

Your email address will not be published. Required fields are marked *

Attach images - Only PNG, JPG, JPEG and GIF are supported.

Login

Welcome to Typer

Brief and amiable onboarding is the first thing a new user sees in the theme.
Join Typer
Registration is closed.