Bitcoin Price & Crypto Markets Comeback Likely: Matrixport

Quick Summary:

The crypto markets are in a muted volatility phase, with Bitcoin (BTC) price hovering sideways.

This outlook, while true, might end in roughly a week or two, triggering a comeback for both BTC and altcoins.  Why is Bitcoin Price Down?

According to data from Santiment, there was a massive spike in stablecoin deposits on August 5, when Bitcoin price crashed to $48,914.

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Article Details

Author / Journalist: Akash Girimath

Category: Crypto

Markets: IndiaIsrael

Topics: Btc Price Analysis Bitcoin price Crypto markets

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-19 @ 12:49:37 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 397 words

Reading Time: 3 minutes read

Sentences: 38 lines

Sentence Length: 11 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 22139213

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 29 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #59

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