The relative strength index of Bitcoin has significantly fallen below 30, marking its most pronounced oversold reading since March 2020.
The relative strength index of Bitcoin has significantly fallen below 30, marking its most pronounced oversold reading since March 2020.
Cryptocurrency prices experienced a significant surge following the filing of BlackRock's application for a bitcoin ETF. Out of the 149 assets listed in the CoinDesk Market Indices (CMI), an impressive 144 witnessed an upward trajectory throughout the week.
Also: Bitcoin and volatility share a complex relationship.
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