Today news
About the same in other media
Asian Sellers Weighing on Bitcoin Price, But Possibly Not for Much Longer
Reading now: 293
The bitcoin (BTC) price on average moves markedly lower during Asian business hours than it does during the European and US business hours, indicating that significant selling pressure is coming from Asian investors, new data from on-chain analytics firm Glassnode suggests.
The data, which was first shared on Twitter by Glassnode researcher Johannes Hofmann, compared the price on a given day with the price a month earlier, and looked at how large the monthly price changes were during different times of the day.
According to Hofmann, the data reveals what he called “an unprecedented amount of selling from Asia” as a force behind the lower bitcoin prices seen since the cryptocurrency had reached an all-time high in early November.
Furthermore,
Read more on cryptonews.comAbout this in other media
Ethereum white paper predicted DeFi but missed NFTs: Vitalik Buterin cointelegraph.com /2 years ago
Bitcoin price fell short of analysts’ $100K target, but what about 2022? cointelegraph.com /2 years ago
Recent Chinese Bitcoin Court Ruling ‘Not an Isolated Case’ & Part of ‘an Ongoing Trend’ cryptonews.com /2 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
