Bitcoin Holds Above $80,000 as Glassnode Flags Weak Demand
Bitcoin maintained its position above the $80,000 threshold while data analytics firm Glassnode pointed to weak spot market demand.
Bitcoin managed to hold above the $80,000 price level according to data reported by FXStreet. The price resilience comes as blockchain analytics provider Glassnode highlighted persistent weakness in spot market demand for the digital asset.
Market observers continue to monitor spot volume metrics across exchanges as the cryptocurrency maintains its current trading range.
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Key facts
- Bitcoin holds above the $80,000 level
- Glassnode reports weak spot demand
- Data published by FXStreet
Source: news.google.com
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