Summary
- It reported that the MVRV momentum indicator in the Bitcoin market recently showed a Death Cross.
- The indicator suggests that the macro trend has shifted from positive to negative.
- It reported that Bitcoin is trading at 111,251.53 dollars, down 0.52% from the previous day.
In the Bitcoin (BTC) market, the MVRV momentum indicator recently showed a 'Death Cross', signaling a macro trend reversal.
On the 28th (local time), virtual asset (cryptocurrency) analyst Ali Martinez said on X, "A Death Cross has appeared on the Bitcoin MVRV momentum indicator. This suggests that the macro trend has shifted from positive to negative."
Meanwhile, Bitcoin is currently trading on CoinMarketCap at 0.52% lower than the previous day, at 111,251.53 dollars.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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