Bitcoin bounces back above key averages, Glassnode sees resilience from new investors

Bitcoin has regained its short-term holder (STH) cost base of $61,900 following the Federal Reserve’s recent 0.5% interest rate cut, according to recent Glassnode analysis. Despite continued market consolidation, the report suggests that new investors have shown notable confidence in the market’s long-term outlook. The report shows that despite the consolidation, new Bitcoin investors show strong confidence in the market (…)