Bitcoin’s NVT Indicator Shows that the Network is Incredibly Healthy

One key on-chain indicator is now signaling that Bitcoin is seeing intense underlying strength despite its recent turbulent price action. BTC’s NVT is a widely respected indicator that weighs the number of unique tokens being transacted on the Bitcoin network with the cryptocurrency’s price action. Because the network is still being heavily utilized by investors, it shows that the benchmark crypto is both fundamentally and technically strong, and it may suggest that it is poised for an upswing in the days and weeks ahead. It is imperative, however, that BTC…

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Global Central Banking Think Tank Launches Digital Monetary Institute

The Official Monetary and Financial Institutions Forum (OMFIF), an independent global think tank for central banking and economic policy, announced the launch of its Digital Monetary Institute earlier this month. The Institute intends to build bridges between the worlds of digital currencies and traditional banking, and has a focus on payment instruments in wholesale and retail markets, and central bank digital currencies (CBDC). Central banks’ interest in digital currency is growing The OMFIF itself has already been publishing in-depth reports on digital currency and CBDCs since 2018. Regarding the key…

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