How Bitcoin’s Recent Golden Cross Could Impact Your Crypto
Bitcoin [BTC] has been performing strongly on the charts since hitting a low of 
89K a week ago. The cryptocurrency’s value has risen to over $105,000 at the time of writing, marking an increase of over 11% in just a week. The recent gains have sparked optimism within the crypto community, with some speculating about a potential short-term rally.
According to Burak Kesmeci from CryptoQuant, Bitcoin’s 1-7 day UTXO average has crossed above the 7-30 day UTXO average. This crossover signifies that the average cost basis for Bitcoin acquired over the past week is rising, despite recent price hikes. This positive signal indicates that the ongoing price upswing is backed by fresh capital inflows.
89K a week ago. The cryptocurrency’s value has risen to over $105,000 at the time of writing, marking an increase of over 11% in just a week. The recent gains have sparked optimism within the crypto community, with some speculating about a potential short-term rally.According to Burak Kesmeci from CryptoQuant, Bitcoin’s 1-7 day UTXO average has crossed above the 7-30 day UTXO average. This crossover signifies that the average cost basis for Bitcoin acquired over the past week is rising, despite recent price hikes. This positive signal indicates that the ongoing price upswing is backed by fresh capital inflows.
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