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23 October 2020

New report says Bitcoin price in ‘more sustainable uptrend’ than 2019

New report says Bitcoin price in ‘more sustainable uptrend’ than 2019


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New report says Bitcoin price in ‘more sustainable uptrend’ than 2019.

Bitcoin (BTC) hitting its highest in over a year was different from the 2019 bull run because exchange balances fell, a new report says.

This is because exchange balances at the time increased, while this year, they continued falling despite price rises.

“Unlike the 2019 price uptrend, which coincided with BTC stock increasing, this current trend has seen a divergence between BTC stock and price,” the researchers argue. .

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cointelegraph.com
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