Bitcoin's Current Cycle Is Outperforming According To These 3 Metrics, Says Analyst
Portfolio Pulse from Khyathi Dalal
Crypto analyst Benjamin Cowen highlights three metrics to measure Bitcoin's ROI across different market cycles, showing a stronger recovery from the 2022 low compared to previous cycles. Despite modest performance from the 2021 peak, Bitcoin remains on a strong trajectory. Transactions over $100,000 and daily active addresses have increased significantly.
June 05, 2024 | 9:55 am
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Bitcoin is showing a stronger recovery from its 2022 low compared to previous cycles, with significant increases in high-value transactions and daily active addresses.
The analysis by Benjamin Cowen indicates a stronger recovery for Bitcoin from its 2022 low compared to previous cycles. Additionally, the increase in high-value transactions and daily active addresses suggests growing interest and activity in the Bitcoin market.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100