‘This time is different’ — 10 Bitcoin charts show that this rally isn’t like 2017’s

Bitcoin (BTC) is setting new records in almost all aspects except USD spot price, says a new digest, which concludes that 2020 is not like the 2017 rally.

In a blog post on Nov. 17, Nic Carter, co-founder of statistics resource CoinMetrics, highlighted nine charts, which as of this week, are higher than ever.

10 charts highlight “clear improvements”

From wallet balances over $10 to institutional holdings and even Bitcoin spot prices in various fiat currencies, the data shows that Bitcoin…


Source link

About bitcoin

Check Also

Market Wrap: Bitcoin Drops Ahead of Looming ‘Death Cross’

Bitcoin declined about 5% over the past 24-hours as the price broke below $36,000 support. …

Leave a Reply

Your email address will not be published. Required fields are marked *