Back in November 2021 – cryptos were on a roll and it seemed like nothing could stop them.
Is a further fall likely or can it recover from hereon? There was some hope less than a month ago when Bitcoin started recovering.
The ratio between on-chain and off-chain volume, that is futures and spot volume, shows that Bitcoin’s price action is being driven by speculation created on exchanges.
However, this can be attributed to the U.S Fed’s aggressively hawkish stance of late amid rising inflation in the post-Covid world.
A graduate in mass communication with a specialization in Journalism, he likes to analyze market trends and stay abreast of all technology.
Disclaimer: AMBCrypto’s content is meant to be informational in nature and should not be interpreted as investment advice.