70% of BTC dormant for a year — 5 things to know in Bitcoin this week

Bitcoin (BTC) starts Thanksgiving week in the United States with a return to $37,000 as bulls stubbornly refuse to loosen their grip.

BTC price action remains tantalizingly near 18-month highs as another weekly close provides a fresh taste of bull market momentum.

The largest cryptocurrency continues to hold onto reclaimed ground, and while upside now comes slower than in previous weeks, BTC/USD is up 7% month-to-date.

How could the coming days shape up for Bitcoin?

Macroeconomic data prints provide the opportunity for some snap volatility, while under the hood, the landscape when it comes to Bitcoin’s network fundamentals is as rosy as it has ever been in 2023.

At the same time, supply…

Read more on Cointelegraph

24.5K Reads