Express

CryptoQuant: Bitcoin Demand Stabilizes but Faces Challenges for Strong Q4 Rally

Shawn

Summary: Bitcoin demand showed signs of stabilization in September, but stronger growth is necessary for a significant Q4 price rally, according to CryptoQuant analysts.  While September saw steadier demand, it wasn't enough to trigger a sustained rally like earlier in the year. U.S. spot bitcoin ETFs showed renewed strength, driving demand, but recent outflows from ETFs ...

Bitcoin demand showed signs of stabilization in September, but stronger growth is necessary for a significant Q4 price rally, according to CryptoQuant analysts. 

While September saw steadier demand, it wasn't enough to trigger a sustained rally like earlier in the year. U.S. spot bitcoin ETFs showed renewed strength, driving demand, but recent outflows from ETFs signal uncertainty ahead. 

Bitcoin's price remains above $62,000, with potential for growth if demand accelerates in the final quarter of 2024.

Last Update:

Tags: ,,
Link: CryptoQuant: Bitcoin Demand Stabilizes but Faces Challenges for Strong Q4 Rally   [Copy]
Next:

Related Articles

  • BTC Weekly Outlook: The Oversold Bounce—A Bottom or a Shorting Opportunity? 2 hours ago
  • The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... 4 days ago
  • Google Steps Into Blockchain: A New Front in the “Ledger Wars” 6 days ago
  • Bitcoin Weekly Analysis: Is a Bear Market on the Horizon? 8 days ago
  • AI Fraud Is Breaking the Internet’s Trust Economy. Can Compliance Tech Keep Up? 11 days ago

    • You need to login to comment.