Bitcoin re-visits 2017 highs: Will it trigger recovery?

In January 2017, Bitcoin breached the $1000 benchmark, creating a new record high at that time. By mid-December that year, the asset already inclined to a new peak at around $19.7k. Fast forward to today, the largest crypto asset is currently trading at levels at par with 2017’s highs.


In fact, “Checkmatey,” the pseudonymous lead on-chain analyst at Glassnode, took to Twitter to highlight that Bitcoin’s realized dominance currently stood at 59% and was “rising.” As illustrated below, the curre

shubhk's Recent Blog Posts

According to relevant patent filings and recent job postings, Apple (AAPL) appears to be working on the creation of a “3D mixed-reality world” with metaverse-like characteristics. Over 30 augmented…
2 years ago
In January 2017, Bitcoin breached the $1000 benchmark, creating a new record high at that time. By mid-December that year, the asset already inclined to a new peak at around $19.7k. Fast forward to…
2 years ago
The Bitcoin market has been drowning the red sea along with its counterparts. Amidst constantly crashing projects, the mining industry hasn’t been very profitable. While several filed for bankruptcy …
2 years ago
FTX Telegram admins have confirmed that the exchange was hacked late Friday night. The Telegram admins urged users to not visit the FTX website as it “might download Trojans” which could affect their…
2 years ago
Bitcoin (BTC) holders, both long-term and short-term, are facing the brunt of the recent market crash. According to the data on Glassnode, 35.4% of BTC supply is being held at a loss by long-term…
2 years ago