Bitcoin

<ul><li>Bitcoin&#39;s price sees a 0.57% uptick, with a market cap of $567.78 billion.</li><li>CryptoQuant data shows key BTC metrics at a neutral stance of zero.</li><li>Shifts in UTxOs dominance hint at potential market volatility ahead.</li></ul>The <a href="https://cryptotale.org/revolut-halts-cryptocurrency-services-in-the-u-s-amid-regulatory-uncertainties/" rel="noopener noreferrer nofollow">cryptocurrency</a> world is buzzing with anticipation as recent <a href="https://twitter.com/cryptoquant_com/status/1688779778042830848?s&#61;20" rel="noopener noreferrer nofollow">on-chain data</a> for Bitcoin hints at a potential turning point. As BTC/USD cryptocurrency pair price settles at approximately $29,190.22, reflecting a slight uptick of 0.57% in the past day, the financial community is on the edge of its seats, awaiting the next market move.Additionally, with a market cap of $567.78 billion, Bitcoin has showcased an impressive growth of 77.11% this year alone. Yet, the current serene state of the cryptocurrency realm, arguably the most peaceful in recent times, hints at potential turbulence ahead.One of the key indicators that CryptoQuant, an on-chain data analytic firm, is monitoring is the <a href="https://twitter.com/cryptoquant_com/status/1688779788306288640?s&#61;20" rel="noopener noreferrer nofollow">STH Net Unrealized Profit/Loss</a>, which historically remains positive during prolonged recoveries or bullish trends. This metric acts as a vital support during brief market fluctuations in a robust market environment. Currently, this figure stands at zero, indicating a neutral stance.Similarly, the MTH Holder&#39;s Net Unrealized Profit/Loss, which spans a period of six months to two years, is also at zero. This metric, according to a <a href="https://cryptotale.org/?s&#61;CryptoQuant" rel="noopener noreferrer nofollow">CryptoQuant</a> report, is essential as it reaffirms a return to a bullish market and provides a sturdy buffer against unforeseen mid-term market swings.Read full article at<a href="https://cryptotale.org/bitcoins-on-chain-data-suggests-a-pivotal-moment-on-the-horizon/" rel="noopener noreferrer nofollow"> CryptoTale.</a>

Bitcoin's On-Chain Data Suggests a Pivotal Moment on the Horizon

CryptoTale

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