Is Bitcoin ‘cheap’ below $40,000? BTC derivative metrics are mixed

2022.04.18 23:10

Is Bitcoin ‘cheap’ below $40,000? BTC derivative metrics are mixed

Bitcoin (BTC) dipped below $40,000 support on April 18, and the two-week 15% correction was enough to prompt predictions of $30,000 prices in the near term.

Meanwhile, regulatory uncertainties continue to be a key concern for investors, including the failed European Know Your Customer (KYC) and Anti-Money Laundering (AML) proposed rules for ”unhosted” private wallets. For instance, exchanges started to demand additional information on their users just last week, causing some discomfort to traders.

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