Market ‘Pricing In A Higher Fair Value’ For Bitcoin As Price Discovery Continues

Q: How long will it take to read this news story?

The story "Market ‘Pricing In A Higher Fair Value’ For Bitcoin As Price Discovery Continues" has 514 words across 75 sentences, which will take approximately 3 - 5 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Market ‘Pricing In A Higher Fair Value’ For Bitcoin As Price Discovery Continues" was covered 1 weeks ago by NewsBTC, a news publisher based in United Kingdom.

Q: How trustworthy is 'NewsBTC' news outlet?

NewsBTC is a fully independent (privately-owned) news outlet established in 2013 that covers mostly crypto news. The outlet is headquartered in United Kingdom and publishes an average of 9 news stories per day. It's most recent story was published 11 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Positive, indicating that people regard this as "good news".

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #23566969</li><li>URL: https://beamstart.com/news/market-pricing-in-a-higher-17314818182018</li></ul>

NewsBTC Logo NewsBTC 1w ago

Market ‘Pricing In A Higher Fair Value’ For Bitcoin As Price Discovery Continues - NewsBTC

Quick Summary:

Since then, realized profit volumes have gradually decreased, "reaching an equilibrium.” As the report noted, there’s been a reset in supply and demand forces, which indicates, alongside the recent price surge, that "the market is now pricing in a higher fair value’ for Bitcoin.” At the same time, the cryptocurrency continues its price discovery.

The recent demand surge suggests a notable shift as buying interest is "absorbing selling pressure at all-time highs and stabilizing market dynamics: Now we appear to be entering into a new phase where the volume of profit-taking when BTC hits an all-time high is notably lower, given the amount of fresh demand entering the market post-election.

Related Reading: Bitcoin Closing In On $80,000 For Record-Breaking Run After Trump Win Bitcoin ‘Fair Value’ Priced In At Higher Levels Following Donald Trump’s victory last Tuesday, the crypto market has seen a massive rally, surging to a market capitalization of $3.05 trillion.