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Bitcoin breaks $11,500 as sentiment metrics show it’s still undervalued

From cryptoslate.com

The DeFi-induced bullrun has arguably pushed the crypto market upwards the past week, with Bitcoin, Ethereum, and other major cryptocurrencies giving gains of over 10-15 percent to investors. Data feeds from one quantitative on-chain data provider prove the above, with sentiment metrics, in particular, paving the path for even higher prices. Bitcoin public sentiment increases Data on The TIE — a provider of alternative data for digital assets that quantifies investor perceptions on hundreds of digital assets — shows Bitcoin is showing bullish action in both short- and mid-term trades. The chart below maps the “long (full story)

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  • Category: Fundamental Analysis