Bitcoin’s $53k is the Most Significant On-Chain Support Since $11k

Bitcoin at $53k is the most significant on-chain support since $11k At the $53k price zone, Bitcoin maintains a $1 Trillion market cap Bitcoin miners have returned to accumulating BTC Bitcoin held by OTC desks has been dropping and confirms demand by large buyers The team at Glassnode has released their weekly On-Chain report. In this week’s edition, they highlight BTC’s $53,475 price as being an area to watch since it maintains Bitcoin’s market capitalization above $1 Trillion. Additionally, this […]