Despite Price Drop, Bitcoin’s ‘Fundamental Narrative Has Not Changed,’ Stack Funds Says
BTC drawdowns have occurred every month since the start of this year but most ended with sharp recoveries, achieving newer highs in the following month.
As BTC's price continues lower, one possible benefit is a decrease in the crypto's volatility.
The Ethereum blockchain is busier than ever, but its high fees help Binance Smart Chain maintain the lead.
Just as technical charts suggested a weakening trend, with altcoins rallying, bitcoin slides toward $50,000.