Crypto
Home›Crypto›Market Structure›Bitcoin rally shows cooling signs as demand gauge near…
Bitcoin rally shows cooling signs as demand gauge nears ceiling
CoinDesk reports that a trend gauge from onchain analytics firm CryptoQuant is hovering near its top level.
The outlet says the buyers that pushed bitcoin to an eight month high are already pulling back, even as the gauge approaches its perfect score.
CoinDesk characterizes the setup as early signs that the rally momentum may be cooling.
Latest closeBitcoin $82,977.68 ▼0.8%
← Newer storyGermany September CPI seen accelerating above 3% as energy feeds inOlder story →USD/CHF stays near 16-month highs as Fed hike odds rise