Bitcoin Encounters Obstacles Following Recent Sharp Rise

A new study examined the popularity of investment products backed by Bitcoin, and it was found that the majority of investments are coming from the United States. Although there has been a recent decline in value, which has halted the positive trend, it is clear that the market is not yet prepared to surpass the $71,500 mark. Despite this setback, the long-term outlook for Bitcoin remains positive, and according to a particular metric, we are only halfway through a period of significant growth. Crypto expert Axel Adler utilized Bitcoin MVRV Z scores in a post on X to demonstrate that we are currently only halfway through this cycle. Stay up to date with the latest news in technology by visiting NEWSLINKER.