#BTC The king of cryptocurrencies is recovering after a long bearish phase, but demand still seems shaky. Indeed, according to on-chain data from Glassnode, investors are in the process of distributing. Moreover, institutional players could add another layer, as the price of Bitcoin approaches the average purchase price of BTC on ETFs. These investors could offload their BTC around this important level. Here is the bulletin from March 18th!
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The price of Bitcoin is stagnating beyond $70,000
The king of cryptocurrencies is up nearly 6% in a week and 8% in a month. But the bullish movement of BTC is pausing, as the price stagnates over the last 24 hours. The price of Bitcoin settles beyond $70,000 and if buyers push, a return to $80,000 is possible.
BTC
67,448.01
+1.47%
ETH
2,069.64
+3.82%
XRP
1.3438
+1.40%