Bitcoin’s Bear Market Is Over, Galaxy Says

Galaxy Research says that bitcoin’s bear market ended at the June low, citing a reclaimed 50-week moving average, an exodus of hedge-fund and basis-trade sellers, rising U.S. debt, and a “blockchain, ... Galaxy said bitcoin’s bear market ended in June as fading long-term holder selling signals an attractive buying opportunity.

Key takeaways

• Galaxy says bitcoin bear market is over; now is the time to buy and hold
• Galaxy Research says Bitcoin’s bear market ended in June, pointing to a reclaimed 50-week moving average, fading selling pressure, and a strengthening debasement case.

This is a summary of headlines and excerpts published by the outlets listed. Read the original coverage for full details.