30 Second Cryptocurrency Price Summary
Current Bitcoin Price: $49,138
Bitcoin price fell to as low as $47,495 today, now having a small recovery to above the $49,000 level.
Top-20 altcoins also took a big hit, as Ethereum falls 8%, XRP drops 15% and Tron loses 19% of its market cap overnight.
Top Stories for April 23, 2021
Bitcoin has fallen below figures projected by the popular stock-to-flow model, with its proponent “relieved” that the price has fallen.
Analyst PlanB claimed that BTC’s front-running of the modeled price raised concern that Bitcoin’s bullish run may have been inorganic.
The price plunge is more consistent with the model, in what PlanB has called a return to “normal”.
Coinbase has sparked discussion from the community after announcing support for the controversial Tether USDT stablecoin on Coinbase Pro.
Tether has been at the center of much negative attention as of late, with revelations that the stablecoin was not sufficiently backed at previous points in its history.
Grayscale’s GBTC Bitcoin trust is trading at its most significant premium ever, currently at a 18.92% discount below its net asset value.
The trust has traded at a discount for two months now, with a $250 million buyback announcement not even budging the disparity.
The post BTC Falls Into $47K Range, Below S2F Model Price – April 23 appeared first on BitcoinPrice.com.
Source: BTC Falls Into K Range, Below S2F Model Price – April 23