Altcoins News
By Dan Saada
1 / 15
Liquidity Problems Mount. Market watchers think liquidity constraints are the main culprit.
2 / 15
Data Shows Declining Activity. Glassnode dropped a report on March 18 showing active Bitcoin addresses are falling.
3 / 15
Exchange Leaders Speak Up. Binance's Changpeng Zhao talked about liquidity at a crypto conference March 21.
4 / 15
Bitcoin's trading at a brutal $66,000 discount to its M2 money supply fair value, and traders are getting nervous about what's really going on behind the scenes.
5 / 15
The numbers don't lie here. Bitcoin sits around $24,000 while analysts peg the M2 fair value at roughly $90,000.
6 / 15
Market watchers think liquidity constraints are the main culprit. Bitcoin can't seem to climb toward that theoretical fair value, even when other markets rally.
7 / 15
Jamie Reynolds, who tracks crypto markets for a living, said the price gap "suggests underlying liquidity issues" that aren't going away anytime soon.
8 / 15
Interest rate hikes keep hammering crypto. The Federal Reserve left rates unchanged on March 15 but signaled more hikes could come later.
9 / 15
Coinbase reported trading volumes dropped hard over the past month. Emily Parker, speaking for the exchange, said "We've seen a noticeable drop in activity" as traders get…
10 / 15
Glassnode dropped a report on March 18 showing active Bitcoin addresses are falling. Fewer people are actually using Bitcoin day-to-day, which usually means less market activity…
11 / 15
But some big names aren't backing down. Cathie Wood from ARK Invest doubled down on her Bitcoin bet March 19, calling the current price a "buying opportunity" for anyone thinking…
12 / 15
Michael Saylor keeps buying too. MicroStrategy grabbed another 1,000 Bitcoins on March 20 at an average price of $24,500 per coin.
13 / 15
Meanwhile, Bitcoin's hash rate hit new highs according to Blockchain.com data. The network's computational power topped 200 exahashes per second on March 19.
14 / 15
Senator Cynthia Lummis came out swinging for Bitcoin again on March 18. She keeps pushing the inflation hedge narrative and wants regulatory clarity for the whole crypto sector.
15 / 15
The European Central Bank hasn't said much about Bitcoin's price problems. No formal statements, no policy hints, nothing.
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