Bitcoin Surges to $27K on Positive Macro and Technical Indicators in Asia
Bitcoin has regained some lost ground and is trading over $27K after a week of plunging prices. The Stablecoin Supply Ratio (SSR) has declined approximately 11% over the past 11 days, indicating a potential increase in buying pressure for bitcoin. The declining correlation between crypto and traditional asset markets is seen as a positive sign for the crypto market. The CEO of BitBull Capital believes that the current macroeconomic situation around the world is creating a conducive environment for crypto assets to thrive.