• 17 July, 2024
Market News

Glassnode Launches Suite of Comprehensive Bitcoin Price Performance Metrics

Blockchain data analytics firm Glassnode has just released a new suite of Bitcoin price performance metrics, providing users with a comprehensive analysis of the cryptocurrency’s price movements. The metrics compare Bitcoin’s price performance across different cycles by Halving, ATH, and Cycle Low, showing quarterly, monthly, and weekly performances.

In this tweet, Glassnode officially announces the release of its new suite of metrics and invites users to check it out for themselves:

Glassnode suite of metrics can offer valuable insights to investors and traders. By analyzing Bitcoin’s performance across cycles, investors can better understand its price movements, leading to better-informed investment decisions.

Users of Glassnode’s new suite of metrics can compare Bitcoin‘s price movements to its long-term average and ±1σ moves, providing a deeper understanding of the cryptocurrency’s price behavior over time. The suite of metrics is designed to offer investors and traders a more informed perspective on Bitcoin’s historical performance, helping them to make more informed decisions about their investments.

The release of Glassnode’s new suite of metrics comes when Bitcoin’s price is again on the rise, with the cryptocurrency surging above $29,000 in recent weeks. This renewed interest in Bitcoin has been driven by a range of factors, including growing institutional adoption, increased interest from retail investors, and a broader trend towards digital assets.

Further, the dashboard contains key dates for Bitcoin price performance, including the first price in 2010 and the three halvings that have taken place since then, in 2012, 2016, and 2020. Other notable dates include the highs and lows of each cycle, including the 2021 cycle high on November 8th and the 2022 cycle low on November 22nd.

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