ARK Invest: Despite The 9 Red Candles, “Bitcoin’s Fundamentals Remain Strong”

The inaugural edition of ARK ’s “The Bitcoin Monthly” report contains some gems. It also contains a simple compilation of facts that paint a clear picture of the bitcoin market as it currently stands. A blockchain is an unalterable fountain of evidence, and ARK put their best analysts to review it in-depth and get stats and insights for us. Get some coffee and take a seat, let’s forget about the Fear & Greed index and see what the numbers are really saying. Excited to introduce the first official issue of “The Bitcoin Monthly” Starting this month, ARK will be publishing an in-depth report covering Bitcoin’s market action and sharing where we think the market's headed. Here are the major highlights from this month’s report: — Yassine Elmandjra (@yassineARK) June 3, 2022 Over at Twitter, ARK Analyst Yassine Elmandjra described “The Bitcoin Monthly” as: “Starting this month, ARK will be publishing an in-depth report covering Bitcoin’s market action and sharing where we think the market’s headed.” On ARK’s website, they describe the new venture as: “Considering the market’s fast pace of change, ARK publishes The Bitcoin Monthly, an “earnings report” that details relevant on-chain activity and showcases the openness, transparency, and accessibility of blockchain data.” Related Reading | Bitcoin Price Closes Two Consecutive Weekly Red Candles, First Time Since Bottom Let’s check the data and insights availab...