Falling stocks could affect bitcoin
Analytical company Glassnode assures that macro markets would negatively impact cryptocurrency
The bitcoin cryptocurrency has been showing indices of a new price recovery in the market for a while now, however the macro markets could stop this.
The analytical company Glassnode assured in its update that “there will be an extreme force” that will give a halt to the rise of the cryptocurrency.
A possible drop in the actions of the macro markets could negatively affect bitcoin, which has already reached $ 11,500 in recent days.
Combined into their Glassnode Network Index (GNI), both the liquidity and the overall health of the network were decidedly bullish. Lack of saving behavior among hodlers caused “sentiment,” another component of the index, to drop.
However, the overall GNI stood at 73/100, a 3-point change from the previous week.
K. Tovar
Source: Cointelegraph
