Presto Research: Recently, the market has been dominated by macro factors, ignoring the value fundamentals of BTC

The concept of Bitcoin was first proposed by Satoshi Nakamoto in 2008. It is an open-source software designed and released based on Satoshi Nakamoto's ideas, as well as a P2P network built on it. Bitcoin is a form of P2P digital currency. Peer-to-peer transmission means a decentralized payment system.

 

BlockBeats News, September 9th, according to CoinDesk, the market suddenly fell on Friday after the release of the employment report, and cryptocurrency long positions exceeding $220 million were liquidated. Presto Research analysts Peter Chung and Min Jung stated in today's report that Bitcoin is severely undervalued, and macro factors have dominated the price discussion of BTC recently, with the market ignoring the fundamentals of Bitcoin.