• Grayscale: Bitcoin May Be Undervalued, But Not at Cycle Bottom Yet

    Grayscale: Bitcoin May Be Undervalued, But Not at Cycle Bottom Yet

    Grayscale says Bitcoin is undervalued after dipping below $60K, but onchain data suggests the cycle bottom isn’t here yet. Bitcoin slipped toward the $60,000 level recently. This ignited talks about where the market stands. Grayscale Research stepped in with an answer.  The asset management firm analyzed a range of onchain valuation indicators and found that…

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