Bitcoin recovers as momentum shifts to bulls

in Steem Links • 3 years ago

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Bitcoin recovers as momentum shifts to bulls
CRYPTOS | 7/29/2021 6:33:29 AM GMT
Bitcoin’s price has quickly recovered from under $30,000 to over $40,000 within ten days. Many pointed to rumors of Amazon accepting Bitcoin following a crypto-related job posting, but the recent price increase is more likely being driven by a shift in derivatives markets’ microstructure. Using IntoTheBlock’s derivatives metrics we can better understand the momentum of the recent move and the dynamics at play.

Read more at:Bitcoin recovers as momentum shifts to bulls

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