Bitcoin speculative appetite declines as investors seek safety

Speculative appetite is vanishing from the crypto markets, as investors are looking for safer digital asset investments following the recent wave of memecoin scams and macroeconomic uncertainty.Bitcoin's hot supply metric, which measures the Bitcoin BTC BTC - $82889.677 aged one week or less, is down over 50%, from 5.9% at the end of November to just 2.3% on March 20, Glassnode data shows. The metric's decline signals an investor shift to safer investment positioning amid the recent market volatility, according to Ryan Lee, chief analyst at Bitget Research.

Source: cointelegraph.com

Related symbols: BTCUSD

2025-03-21 11:15:02 GMT.

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Price & Market Data

Price: $82889.677

Volume 24h: $43,208,842,314.80

Market Cap: $1,645,076,442,144.73

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 19,846,543. The last known price of Bitcoin is 82,564.55531196 USD and is up 1.31 over the last 24 hours. It is currently trading on 12006 active market(s) with $42,213,495,608.06 traded over the last 24 hours. More information can be found at https://bitcoin.org/.