17 Sep 2024 BY IST Markets

MVRV shows that Bitcoin still far from “overvalued” territory

Major crypto developments for the week: MVRV shows that on a multi-year view, Bitcoin is still far from being overvalued Bitcoin enters top 10 largest global assets by market cap Blackrock seeds ETF with $100K, confirms high likelihood of ETF approval Bitcoin soars to $44K, registers historic positive weekly returns before correcting CME futures open interest for Bitcoin reaching all time highs of over $5 billion Google search trends show lackluster retail exuberance in crypto market