Bitcoin is in a bear market — and it’s still overvalued by almost 40%

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The cryptocurrency's fair value is around $53000, according to this calculation.

Written by: MarketWatch

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https://www.marketwatch.com/story/bitcoin-is-in-a-bear-market-and-its-still-overvalued-by-almost-40-e979e1ba?gaa_at=eafs&gaa_n=AWEtsqeIsC3L3YaerDib5eEpPD8G5fnupUnDxIMC1UYQrZtSIlTAazgmjHXv&gaa_ts=6925d892&gaa_sig=3nWirp9U7ZLgKtJEhGjtKzLiyTg4AgTyw9NfLzdx5VOxsmhm-M5_H-Lw8VuEDPAhF1Q9TS82MOoNYfp2RyA-ow%3D%3D

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