After a recent 10% correction, Bitcoin has rebounded, climbing back to the $63,000 mark as it attempts to reclaim the critical Short-Term Holder cost basis. This resurgence comes as the broader crypto market stabilizes following a period of volatility. Following a 10% price correction, the #Bitcoin market has rebounded back to the $63k level in an attempt to reclaim the critical Short-Term Holder cost-basis. Discover more in the latest Week On-Chain below👇https://t.co/E3bufV5aaE pic.twitter.com/BUFi1friu9 — glassnode (@glassnode) October 8, 2024 Meanwhile, MicroStrategy’s stock has surged to $196, just 2% away from its all-time high. Often behaving like a leveraged version of
The post Bitcoin Rebounds To $63K As MicroStrategy Nears All-Time High Amid Whale Shift appeared first on The Merkle News.
