Analyst: Bitcoin is currently worth between $48,000 and $95,000

Odaily News CryptoQuant's latest analysis points out that the fair value of Bitcoin is between $48,000 and $95,000, indicating that the current market price of Bitcoin may be overvalued. The Bitcoin Network Activity Index launched by the analysis company shows that the index has fallen 15% since its November peak to 3,760 points, the lowest level in more than a year. The decline was mainly driven by a sharp drop in daily transaction volume, which plummeted 53% from the historical high of 734,000 in September to 346,000. (Coindesk)