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The Hash Ribbons indicator signaled the end of capitulation among Bitcoin miners, indicating a decrease in selling pressure from their side on the market. This was stated by CryptoQuant.
Despite fluctuations in the price of the first cryptocurrency, major players continue to show steady interest in this asset. This was stated by Andre Dragos, Head of Research at Bitwise in Europe, in an interview with The Block.
Michael Terpin, the founder of Transform Ventures, believes that the leading cryptocurrency will surpass this level if Donald Trump wins the U.S. presidential election, according to CoinDesk.