{"id":653,"date":"2024-04-15T10:22:54","date_gmt":"2024-04-15T10:22:54","guid":{"rendered":"https:\/\/cryptogoldex.com\/index.php\/2024\/04\/15\/bitcoin-remains-undervalued-despite-surging-to-66k\/"},"modified":"2024-04-15T10:22:54","modified_gmt":"2024-04-15T10:22:54","slug":"bitcoin-remains-undervalued-despite-surging-to-66k","status":"publish","type":"post","link":"https:\/\/cryptogoldex.com\/index.php\/2024\/04\/15\/bitcoin-remains-undervalued-despite-surging-to-66k\/","title":{"rendered":"Bitcoin Remains Undervalued Despite Surging to $66k"},"content":{"rendered":"<p>BTC is up by 3.2% in the past 24 hours and is trading at around $66,450 at the time of writing. The asset\u2019s market cap surpassed the $1.3 trillion mark while the daily Bitcoin trading volume plunged by 27%, currently hovering at $43.5 billion. One of the main reasons behind the bearish momentum was the start of Iran\u2019s drone attack on Israel.<\/p>\n<p>According to data provided by Santiment, the BTC Relative Strength Index (RSI) has been consistently declining since April 10 \u2014 currently hovering at 38. The indicator shows that Bitcoin is still undervalued despite the recent bullish momentum. Bitcoin\u2019s RSI would need to stay below the 50 mark to remain bullish.<\/p>\n<p>Moreover, data from Santiment shows that whale transactions consisting of at least $100,000 worth of BTC recorded a 34% fall over the past three days \u2014 decreasing from 13,004 transactions on April 12 to 8,562 unique transactions over the past 24 hours. On the other hand, BTC\u2019s one-year dormant circulation rose from 3,975.15 to 4,954.98 coins per day, according to Santiment.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BTC is up by 3.2% in the past 24 hours and is trading at around $66,450 at the time of writing. The asset\u2019s market cap [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":652,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18],"tags":[],"class_list":["post-653","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/posts\/653","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/comments?post=653"}],"version-history":[{"count":0,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/posts\/653\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/media\/652"}],"wp:attachment":[{"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/media?parent=653"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/categories?post=653"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/tags?post=653"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}