Bitcoin's price has surged to $73,000 amid volatile swings, with veteran investor (Mark Yusko) believing the worst of the selling pressure may have passed. Yusko estimates Bitcoin's fair value at around $80,000, and buying activity from long-term investors below that price is stabilizing the market. Data from Santiment shows that the proportion of Bitcoin held on exchanges has fallen to its lowest level since 2017, which validates Yusko's view and suggests strong confidence among the market in holding Bitcoin long-term.

BTC1.89%

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