{"id":339705,"date":"2024-07-08T14:12:30","date_gmt":"2024-07-08T08:42:30","guid":{"rendered":"https:\/\/dripp.zone\/news\/bitcoin-mvrv-turns-negative-first-time-since-march-2023-end-of-bull-run-soon-crypto-news\/"},"modified":"2024-07-08T14:15:04","modified_gmt":"2024-07-08T08:45:04","slug":"bitcoin-mvrv-turns-negative-first-time-since-march-2023-end-of-bull-run-soon-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/bitcoin-mvrv-turns-negative-first-time-since-march-2023-end-of-bull-run-soon-crypto-news\/","title":{"rendered":"Bitcoin MVRV Turns Negative First Time Since March 2023, End of Bull Run Soon? – Crypto News"},"content":{"rendered":"

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The world\u2019s largest cryptocurrency Bitcoin (BTC) crashed all the way to $54,500 earlier before recovering partially. Some of the on-chain metrics like Bitcoin MVRV (market-value-to-realized-value) hint at some caution going ahead. As of press time, the Bitcoin price<\/a> is trading at $55,770 with a market cap of just under $1.1 trillion.<\/p>\n

Bitcoin MVRV Ration Turns Negative<\/h3>\n

For the first time since March 2023, Bitcoin\u2019s MVRV momentum has turned negative as reported by the on-chain college. This could be signaling a caution indicating that bears might be into the game.<\/p>\n

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Bitcoin bulls are closely watching this metric while hoping that it regains a 1-year moving average thereby signaling a continuation to higher prices from here onwards. Historically, sustained periods of staying below these levels could be an indication of the coming bear market. If the Bitcoin MVRV recovers above the moving average, the bulls will be in control again.<\/p>\n