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Market conditions for Bitcoin’s continued bull market

The crypto industry is almost 2 weeks into August, and since the colossal surge on August 1, Bitcoin‘s price has been tepid again. With the price sustaining between the range of $11,500-$12,000 for the majority of the time, optimism is currently pinned on other factors for the bull run to continue. Multiple arguments have been carried out in the space over the past 10-days and investors were currently on their heels to witness market fruition. In line with on-chain fundamentals, Glassnode’s recent weekly reported suggested that Bitcoin’s Short-Term MVRV(Market Cap to Realized Cap ratio) is currently supporting the bull-run hypothesis.…

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