• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Analysis of the Bitcoin Market by CryptoQuant

user avatar

by Giorgi Kostiuk

a year ago


CryptoQuant, a reputed cryptocurrency analysis company, recently provided insights into the present condition of the Bitcoin market.

In the last couple of years, the Bitcoin market has witnessed a substantial surge, impacting the prices of various other cryptocurrencies as well. This period has shown more promise compared to the downturn experienced in 2021 and 2022.

To assess the current status of the Bitcoin market, analysts at CryptoQuant turned to a highly effective modern tool known as the 60-Day Realized to Market Value Variance (RCV) metric. This metric gauges the two-month alteration in Bitcoin's cap relative to its market cap, proving to be highly valuable for making long-term decisions and investments following the Dollar-Cost Averaging (DCA) methodology.

According to the RCV metric, Bitcoin has entered the risk zone. Nonetheless, there remains potential for the market to ascend, possibly reaching 0.70. While foretelling the future with absolute certainty is unattainable, analysts propose that a surge in demand around the 0.50 mark in the metric could mirror the behavior observed in 2017, leading to a potential establishment of a new long-term peak for Bitcoin.

Graph showing the current status of RCV data.

Please note that this information does not constitute investment advice.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

Jonathan Gould Appointed as OCC Head: New Horizons for Crypto Banking

chest

Senate has confirmed Jonathan Gould as OCC head, which may lead to changes in crypto banking regulations and market access.

user avatarGiorgi Kostiuk

Florida Probes Robinhood: Allegations of False Crypto Service Promotions

chest

Florida has launched an investigation into Robinhood over allegations of misleading advertising of its crypto services as the cheapest in the market.

user avatarGiorgi Kostiuk

Anonymous whale deposits 4,500 ETH to Binance with $4.32 million loss

chest

An anonymous whale deposited 4,500 ETH to Binance, resulting in a $4.32 million loss, according to analyst Ai Yi.

user avatarGiorgi Kostiuk

Bitcoin Breaks Records Again: The Influence of ETFs and Politicians

chest

Bitcoin reached a new record thanks to institutional investments and political decisions, boosting confidence in cryptocurrencies.

user avatarGiorgi Kostiuk

Circle and HiFi Bridge Partnership: New Opportunities for B2B Payments with USDC

chest

Circle teams up with HiFi Bridge to introduce B2B payment solutions using USDC to Brazil and Hong Kong.

user avatarGiorgi Kostiuk

Musalem on Stablecoins: The Need for Regulation and Their Significance

chest

The Federal Reserve sees stablecoins as an important element of payment systems. Musalem emphasizes the need for regulation in this area.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.