Bitcoin’s $60,000 support is still a bet on the dollar breaking

Glassnode's latest Week On-chain report says Bitcoin has entered a deep discount phase, with over 95% of short-term holders underwater and realized losses approaching levels associated with severe capitulation. The report also notes that a durable Bitcoin recovery is likely to require either the dollar index breaking below 99 or the 10-year Treasury yield compressing […] The post Bitcoin’s $60,000 support is still a bet on the dollar breaking appeared first on CryptoSlate.