‘There Is No Demand Growth': CryptoQuant Analyst Outlines Factors Behind Bitcoin (BTC) Slump

A lack of demand growth is keeping Bitcoin's BTC BTC - $63053.205 price down, according to the head of research at the digital asset analytics firm CryptoQuant. Julio Moreno notes on the social media platform X that BTC BTC - $63053.205 demand is declining and “basically all valuation metrics are in bearish territory.

Source: dailyhodl.com

Related symbols: BTCUSD

2024-09-07 20:14:03 GMT.

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Price & Market Data

Price: $63053.205

Volume 24h: $43,745,583,516.78

Market Cap: $1,245,697,221,914.43

Description

Bitcoin (BTC) is a cryptocurrency launched in 2010. Users are able to generate BTC through the process of mining. Bitcoin has a current supply of 19,756,287. The last known price of Bitcoin is 63,126.50068882 USD and is up 4.91 over the last 24 hours. It is currently trading on 11703 active market(s) with $43,776,767,928.81 traded over the last 24 hours. More information can be found at https://bitcoin.org/.