RATE Group | Analyst: BitMEX Data Suggests Bitcoin is Fairly Valued at $8,800 to $9,300
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Analyst: BitMEX Data Suggests Bitcoin is Fairly Valued at $8,800 to $9,300

29 Jul Analyst: BitMEX Data Suggests Bitcoin is Fairly Valued at $8,800 to $9,300

Posted at 02:13h in Bitcoin News by

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Once again, Bitcoin (BTC) is trading under $10,000. In fact, as of the time of writing this article, the cryptocurrency is sitting around $9,500 — up 0.8% in the past 24 hours.

Related Reading: Crypto Tidbits: Bakkt’s Bitcoin Futures, Monex & Libra, Andrew Yang PAC Accepts BTC

While some cynical analysts are expecting for BTC to spike lower, one investor suggests that per his analysis of a number of data points, the asset’s “inferred price” or fair value isn’t that much lower than current prices.

Max Keiser on the Bitcoin Price

The past few weeks haven’t been all too kind to BitMEX.

A week or two back, the popular cryptocurrency derivatives exchange was revealed to be under investigation by the U.S. Commodity Futures Trading Commission (CFTC). Also, an equivalent authority in the U.K., the Financial Conduct Authority (FCA), purportedly unveiled plans to restrict access to BitMEX’s suite of products and similar vehicles.

Related Reading: Bitcoin Pullback Could Deepen, But…

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