Bitcoin Market Intelligence — Issue #1
Fortnightly Newsletter Launch
Hey Everyone,
Welcome to the first issue of my fortnightly newsletter on Bitcoin. I am glad that you have found your way to my newsletter and I hope that you will find it useful and informative.
In this newsletter, I will write about bitcoin, macro developments, the relationship of bitcoin with financial markets, and the fundamental developments of the Bitcoin network from an on-chain and off-chain perspective.
Today I will have a more general look at bitcoin, its performance relative to other financial assets, and macro developments.
On November 10, 2021 bitcoins price hit a new all-time high of $68,721.9, according to messari.io data. Since then bitcoin’s price has cooled off and has been down by more than 40% from its all-time high at times. Throughout 2022 the price has been primarily trading between $33k and $46k and more recently has shown some signs of breaking out of that range.
Bitcoin’s price moving in between these levels points to the undecidedness of market participants. This to my mind is not surprising as…
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This content is for educational purposes only. It does not constitute trading advice. Past performance does not indicate future results. Do not invest more than you can afford to lose. The author of this article may hold assets mentioned in the piece.
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