Cryptocurrency
Bitcoin Network Health Dragged Down by Waning Investor Sentiment
As reported by NewsBTC, “The past few weeks have been extremely positive for Bitcoin. “Not only has the benchmark cryptocurrency has been able to erase virtually all of the losses that came about as a result of its decline to lows of $3,800 in mid-March, but it has also just concluded its third-ever block reward […]
As reported by NewsBTC, “The past few weeks have been extremely positive for Bitcoin.
“Not only has the benchmark cryptocurrency has been able to erase virtually all of the losses that came about as a result of its decline to lows of $3,800 in mid-March, but it has also just concluded its third-ever block reward halving.
“This event reduced the cryptocurrency’s annual inflation rate from 3.6% to 1.8%, decreasing the amount of new BTC introduced to the market each year.
“Despite the fundamental bullishness of this event, one on-chain indicator reveals that Bitcoin is flashing some signs of underlying weakness.