As Bitcoin approaches 15 years of continuous operation, its technical security is becoming more and more unquestionable.
This technological achievement sets BTC apart from many centralized systems that frequently experience outages and shutdowns. Recently, a global IT meltdown caused by CrowdStrike highlighted the vulnerability of centralised financial systems across sectors.
In contrast, Bitcoin has consistently operated without interruption, demonstrating significant financial stability in long-term economic forecasts.
The co-founders of Glassnode, known by their nickname in X Twitter as “Negentrophic“, highlighted the continuous operation of the leading cryptocurrency, stating:
Banks may be closed, but Bitcoin never stops.
Their newly introduced metrics support this view, especially the “risk speedometer” which shows a positive short and medium-term outlook for BTC.
The components of the risk accelerometer provide a detailed picture of current market sentiment:
Market Type: BTC ‘s stability is reflected in its current market type score of 7 points, which is unchanged from the previous week and shows less volatility compared to the 52-week average of 41 points.
Market Risk: BTC is classified as low risk with a score of zero, which is a significant drop from last week’s high risk score and much lower than the 52-week average.
Price Momentum: Despite remaining in negative territory at -24, price momentum has improved from -60 the previous week. This suggests a positive change in market momentum, although it is still below the 52-week average.
Chain Fundamentals: With a score of 54, this indicator remains neutral, similar to the previous week and the 52-week average, indicating robust chain activity and the potential for a recovery in the BTC market.
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For the first time in 4 years, Fed cut the rates for the first time in 4 years, which lead to a notable surge in cryptocurrency prices.
Donald Trump, the Republican presidential nominee, made headlines by becoming the first former U.S. president to make a Bitcoin transaction.
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