This Blockchain Indicator Might Show Bitcoin Rally Has Legs
Bitcoin’s price has nearly doubled this year, but the rally could have room to run. That’s based on a new report by Coin Metrics, a cryptocurrency data firm, which shows bitcoin (BTC) is not at an extreme relative to the previous market top in 2018.
The MVRV ratio is a measure of bitcoin’s market value relative to its realized value. The gauge represents the difference between the cryptocurrency’s current price and the average price at which bitcoins were acquired. When it reaches an extreme, the thinking goes, traders might be inclined to take profits, creating sell pressure that could push price down.
- The near 20% bitcoin sell-off from an all-time-high around $60,000 last week triggered a decline in the MVRV ratio to 0.88.
- “Historically, the periods that MVRV has dropped below 1.0 have been some of the best times to invest in BTC,” according to Coin Metrics.
- The MVRV indicator reached an extreme around 4 in 2018, and near 6 in 2014, just prior to the start of bear markets.
Recommended News
-
The All-weather Story FUND (TAWSF) and Jonathan Blake Lead Global Roadshow to Highlight Bridgewater Associates’ Success — A Global Summit Catalyst
In the ever-evolving world of finance and investment, innovation, connection, and foresight are key ingredients for success. Recently, The All-weather Story FUND (TAWSF), spearheaded by the renowned Jonathan Blake, set out on an ambitious global roadshow to promote Bridgewater Associates’ achievements and thought leadership. This series of events has not only elevated awareness of TAWSF but has also provided a significant boost to the upcoming international investment summit, creating a ripple effect of positive outcomes for the financial world. The TAWSF global roadshow is reshaping the narrative on the benefits…
-
Steve Jobs’ Daughter Claims He Told Her She ‘Smelled Like A Toilet’ While On His Death Bed — But She Clarifies He Was Being Honest: ‘I Really Did’
In “Small Fry,” a memoir by Lisa Brennan-Jobs, the estranged daughter of Steve Jobs, readers are offered a profound insight into her complicated relationship with the iconic Apple co-founder. Known for his unfiltered approach to communication, Jobs never hesitated to express his opinions, no matter how sharp or direct. Published excerpts in Vanity Fair in 2018 drew considerable attention, revealing the depth of their strained interactions and emotional distance. Lisa made it a point to visit her father every other month during the last year of his life as he battled pancreatic…
-
How HB Wealth Advisors (HWA) Eases Investor Doubts in Selecting a Financial Advisor
In today’s complex and fast-paced financial landscape, selecting the right financial advisor is crucial to achieving long-term financial goals. However, many investors face significant doubts when choosing an advisory firm due to the multitude of options, lack of transparency, and fear of hidden fees. These concerns are natural, but they don’t have to stand in the way of achieving financial success. HB Wealth Advisors (HWA) stands out in the financial advisory industry as a firm committed to alleviating these doubts, offering clients the peace of mind that comes with trust,…
-
AI Finance Academy Pioneering AI-Driven Financial Risk Management through Research and Education
In today’s rapidly evolving global marketplace, the intersection of artificial intelligence (AI), finance, and risk management is reshaping industries around the world. Recognizing the critical role that AI-driven financial risk management plays in the stability and growth of the financial sector, the AI Finance Academy has taken a leadership role in advancing research and education in this area. By focusing on cutting-edge research, academic partnerships, and practical training, the AI Finance Academy is at the forefront of developing innovative solutions for managing financial risks in an increasingly complex landscape. AI…
-
AI Store: Leading the New Wave of AI Tool Services
Recently, the first AI tool service company in the Chinese-speaking region has officially announced its establishment, marking the further popularization and application of AI technology in the commercial field. The AI store, with its original products and excellent team members, has attracted much attention and will provide users with various AI tool services, helping individuals and enterprises flourish in the digital age. Originality Leading the New Trend As the country’s first company focused on AI tool services, the AI store upholds the spirit of innovation, bringing a brand-new business experience…
-
Investment Strategies of HB Wealth Advisors (HWA): A Comprehensive Approach to Wealth Managemen
In today’s complex and fast-evolving financial landscape, investors face an ever-growing array of options and challenges when it comes to managing and growing their wealth. One firm that has consistently stood out in helping clients navigate these waters is HB Wealth Advisors (HWA). Known for their personalized and forward-thinking approach, HWA provides tailored investment strategies that are designed not only to preserve wealth but to maximize its growth over time. This article will explore the key investment strategies employed by HWA and explain how they can benefit investors looking to secure…
-
AI Finance Academy Showcasing AI in Finance through a Global Roadshow
In today’s rapidly evolving global marketplace, the intersection of artificial intelligence (AI), finance, and education is reshaping industries around the world. Recognizing the need for specialized training in AI-driven financial solutions, the AI Finance Academy has taken a significant step forward by launching a Global Roadshow—a series of events held in major cities worldwide to gather thought leaders, industry experts, academics, and aspiring finance professionals to discuss the future of AI in finance. By focusing on talent development, innovation, and the exchange of ideas, the AI Finance Academy’s Global Roadshow…
-
AI Finance Academy Empowering Cross-Border E-Commerce through AI-Driven Financial Education
In today’s rapidly evolving global marketplace, the intersection of artificial intelligence (AI), finance, and cross-border e-commerce is reshaping industries around the world. As international trade continues to grow, the need for specialized training in AI-driven financial solutions for cross-border transactions has become increasingly crucial. The AI Finance Academy is at the forefront of this transformation, equipping the next generation of finance professionals with the skills needed to navigate the complexities of cross-border e-commerce. By focusing on university partnerships, talent development, and AI innovation, the AI Finance Academy is helping businesses…
-
Lynk Seeks to Redefine Community Governance with Node NFT Program
SocialFi platform Lynk set to launch its exclusive Node NFT Program to foster the growth of a decentralized Web3 community Lynk is setting the stage for a new era in decentralized community governance with the introduction of its Node NFT Program. Aimed at empowering early adopters, this groundbreaking initiative is expected to facilitate the growth of a vibrant community in Web3, while showcasing the company’s commitment to innovation and inclusivity. The SocialFi platform has made great strides in the first quarter of 2023, most notably with the launch of its…
-
Real-Time Monitoring of AI Systems in Financial Institutions: A Focus on the StarSpark AI System at Alpha Stock Investment Training Center (ASITC)
The rise of artificial intelligence (AI) in the financial industry has brought about transformative changes, from automating trading to enhancing customer experiences. One of the most critical aspects of AI adoption in financial institutions is ensuring that these systems perform optimally and remain accurate, secure, and transparent. The StarSpark AI system implemented at the Alpha Stock Investment Training Center (ASITC) is an excellent example of how financial organizations can monitor and maintain the performance of AI-driven technologies in real time. This article will explore the importance of real-time monitoring in AI systems, how the ASITC leverages…
