Crypto Market Remains in Early Stages, Says CryptoQuant CEO

IconCryptoNewsTerminal Staff08 Jul, 2024

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Crypto Market Remains in Early Stages, Says CryptoQuant CEO

CryptoQuant CEO Ki-Young Ju believes that the crypto market is still in its early stages. In a recent interview, Ju stated that Bitcoin (BTC) is still receiving a lot of psychological impact, which is reflected in its price movements. He also noted that the amount of BTC sold by the German government is currently minimal compared to the total liquidity in the market, and that most of the Mt. Gox volume has not yet been transferred to creditors. Ju's comments suggest that the crypto market is still maturing, and that there is still a lot of room for growth. He believes that the current market conditions are a good opportunity for investors to acquire assets at a discount.

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