Cryptocurrencies
Battered Bitcoin Devotees Begin to Contemplate a Market Bottom
- Need shift in risk appetite before Bitcoin moves higher: Cruz
- But plenty of signs point to true bottom formation: Glassnode
This article is for subscribers only.
A buzz is building in crypto-investor circles and on Twitter about Bitcoin’s stealth July rally, which has beleaguered investors starting to ponder whether the largest digital asset has found a bottom.
Yet, given how intense the boom-and-bust cycles can be in the sector, many are also remaining cautious, unwilling to provide an all-clear sign given the mercurial nature of digital tokens -- even as they see signs emerging of Bitcoin having found a floor.