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Bitcoin and Ethereum Experience Ups and Downs Following Binance Lawsuit
Despite the news on Monday that the Commodities Futures Trading Commission had sued Binance and its CEO for trading violations, the price of...
Image source: Shutterstock / Trijo News
This could indicate that we are approaching a bull run.
During the weekend, Trijo News reported that bitcoin reached $10,000 for the first time in over a year. After that, several analysts have expressed a positive opinion on bitcoin’s price development. Now another indicator brings good news for the world’s biggest cryptocurrency.
It is the price indicator Chalkin Money Flow Index, which measures how large volumes of bitcoin are bought and sold, which reached its highest point since the beginning of April.
The Chalkin Money Flow Index curve has been on an upwards trajectory since the beginning of March, indicating that bitcoin is at the beginning of a bull market, Coindesk reports.
Despite the news on Monday that the Commodities Futures Trading Commission had sued Binance and its CEO for trading violations, the price of...
According to data provider Kaiko, the liquidity of Bitcoin has decreased to a level that is lower than it has been in the past ten months,...
Joseph Lubin, the co-founder of Ethereum, sat down with CNBC earlier last week to talk about the current condition of the cryptocurrency market,...