BitcoinWarrior

News and Education

Ark Invest: Bitcoin Bull Run ‘In The Early To Middle Stages’

Ark Invest, known for its bullish bets on disruptive innovation, says in a new report that Bitcoin‘s (CRYPTO: BTC) recent price consolidation does not signal a bear market, but rather a healthy correction within a bull run. What Happened: The report%201.pdf) dives into various on-chain metrics to assess Bitcoin’s health. Ark Invest highlights that while Bitcoin’s price appreciated by 16.5% in March to $71,288, some long-term holders have been taking profits. However, according to Ark, this profit-taking is balanced by new investors entering the market, as evidenced by record inflows into spot …