“The latest price moves in bitcoin (BTC) and crypto markets in context for Sept. 19, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.”, — write: www.coindesk.com
:format(jpg)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/PGU7UCENTBC6JI7GEHWLDUR7OM.jpeg)
(Glassnode)- The chart shows bitcoin’s short-term holder (STH) realized price of $61,998.
- The STH realized price reflects the average cost for coins moved within the last 155 days, which are the most likely to be spent.
- Over the past six months, bitcoin has struggled to remain above this level. A sustained move above the STH realized price would suggest a more robust continuation of the bull market.
- Source: Glassnode
Edited by Sheldon Reback.
privacy policy,
terms of use,
cookies,
and
do not sell my personal information
has been updated
.
CoinDesk is an
award-winning
media outlet that covers the cryptocurrency industry. Its journalists abide by a
strict set of editorial policies.
In November 2023
, CoinDesk was acquired
by the Bullish group, owner of
Bullish,
a regulated, digital assets exchange. The Bullish group is majority-owned by
Block.one; both companies have
interests
in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin.
CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.
:format(jpg)/s3.amazonaws.com/arc-authors/coindesk/008ae87f-5c6e-412b-816b-ded600ac5054.png)