Pronounced Bitcoin (BTC) Move Impending, According to Glassnode Co-Founders – Here’s When
— Bitcoin, Cofounders, Pronounced, Market, Glassnode, Heres, Impending, Daily, Risk, Stablecoin — 1 min read
Bitcoin (BTC) down 68% from its all-time high, currently changing hands for $21,498. Glassnode creators Jan Happel and Yann Allemann say that an unexpected change in policy from the Fed could be a looming bullish catalyst for BTC. The founders also have their radars locked on the stablecoin supply ratio (SSR) metric, which is the total market capitalization of BTC divided by total market cap of all known stablecoins in circulation. A low SSR indicates that current stablecoin has more buying power to purcahse BTC. At time of writing, Bitcoin is down over 68%. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is Source