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Galaxy Research Director: From a fundamental perspective, the market does not appear overheated

Bitcoin has hit record highs several times this week but has shown no signs of "overheating", with several analysts pointing to fundamental factors that suggest it could rise further. "From a fundamental perspective, the market does not appear overheated," Alex Thorn, head of research at Galaxy, said in a market report on November 7. Aurelie Barthere, an analyst at crypto analyst firm Nansen, echoed a similar sentiment. "Bitcoin has broken through all-time highs with high trading volume, which i...

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2024-11-08 14:07:43