Bitcoin Price Rises But Remains 'Significantly Undervalued' According to Bitwise Report Amid Market Fear

Bitcoin (BTC) has posted gains, yet leading crypto asset manager Bitwise indicates the digital currency is still 'significantly undervalued.' This assessment comes despite the prevailing sentiment of 'extreme fear' dominating the cryptocurrency market, as measured by popular sentiment indicators. Analysts at Bitwise suggest that the current price levels present a potential accumulation opportunity for long-term investors, highlighting a disconnect between market psychology and fundamental valuation. The report underscores that while short-term volatility and fear persist, key on-chain metrics and adoption trends continue to support a bullish long-term outlook for Bitcoin's value.