The recovery in the US stock market has acted as a catalyst for a relief rally in Bitcoin and select altcoins. Glassnode’s lead on-chain analyst Checkmate suggests that big moves are coming as the sell-side risk ratio metric indicates that sellers are exhausted on both sides. Market observers expect a debt ceiling deal to be reached, which could increase demand for Bitcoin and select altcoins.
– Recovery in US stock market acts as catalyst for relief rally in Bitcoin and select altcoins.
– Sell-side risk ratio metric suggests big moves are coming as sellers are exhausted on both sides.
– Market observers expect debt ceiling deal to be reached, increasing demand for Bitcoin and select altcoins.
