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3232Bitcoin Bounces Back Above Key Averages, Glassnode Sees New Investor Resilience
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Wed, 25 Sep 2024 17:21:31 +0000https://www.digit.info/bitcoin-bounces-back-above-key-averages-glassnode-sees-new-investor-resilience/Read more]]>Bitcoin has recaptured its Short-Term Holder (STH) cost basis of $61,900 following the Federal Reserve’s recent 0.5% interest rate cut, according to Glassnode’s recent analysis. Despite the market’s ongoing consolidation, the report suggests new investors have demonstrated notable confidence in the long-term market outlook. Report Shows Despite Consolidation, New Bitcoin Investors Display Strong Market Confidence […]