CryptoQuant Warns of $92K Bitcoin Drop as Analyst Views Diverge
Good Morning, Asia. Here’s what’s making news in the markets:
Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas.
As Asia begins its trading day, bitcoin
is trading above $104,500 and, despite a possible looming war in the Middle East, has been relatively flat on the day with negligible market movement. Indeed, for the last full week, BTC is only down 2%, according to CoinDesk market data.
Analysts are debating whether the crypto market’s current stillness is a sign of strength or if something more precarious is afoot.
Three new reports this week from CryptoQuant, Glassnode, and…
