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Bitcoin Hits $64K, Yet One Indicator Says It’s Still Very Undervalued

Bitcoin Hits $64K, Yet One Indicator Says It’s Still Very Undervalued


BTC has rebounded by nearly two grand from yesterday’s low as the markets are pricing in a new deal between the US and Iran.

Alongside the US stock market, bitcoin’s price is on the move on Tuesday, jumping to $64,000 for the third time in the past day or so. The question now is whether it will have more success this time.

The S&P 500 just hit a new all-time high as US President Donald Trump continues to claim that his country will reach a deal with Iran, after giving the latter until tomorrow to fold. Markets are currently riding high on the hopes of a more sustainable deal and a major de-escalation.

Crypto analysts speculate that the rising US stock indices could…

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