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Fakeout Rally or Bull Market Resurgence? Glassnode Analyzes Strength of Bitcoin’s Recent Rise

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As Bitcoin’s (BTC) price hovers near $40,000, blockchain analytics firm Glassnode is weighing in on whether BTC’s recent bullish movement is just a temporary fad or here to stay. Glassnode says that Bitcoin realized over $2 billion in profits on-chain last week after multiple months of high losses. ADVERTISEMENT   “This suggests there is some […]

The post Fakeout Rally or Bull Market Resurgence? Glassnode Analyzes Strength of Bitcoin’s Recent Rise first appeared on LatestCrypto.News.