BitcoinATH
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Bitcoin All Time High Reaches New Records Amid US Election 2024
Bitcoin All Time High Reached to $75K: Key Factors & Reasons Explained
Bitcoin, the king of cryptocurrency, has hit a remarkable new Bitcoin all-time high (ATH) of $75K BTC on the very first day of the highly anticipated US Election 2024 voting. In a span of 24 hours, BTC price surged from $68,656.38 to $73,976.74, marking an impressive intraday spike of 8.34%.
Source: CoinMarketCap
With Bitcoin’s market cap now at $1.46 trillion and 24-hour trading volume at $79.45 billion, the excitement surrounding the election seems to have fueled this BTC rally.
Why is Bitcoin Going Up?
This unprecedented Bitcoin price surge has coincided with significant movements in the US political landscape. Unlike previous Bitcoin pumping driven largely by crypto whales and institutional investors, the USA 2024 election itself appears to be the main catalyst. Prominent figures such as Donald Trump, Kamala Harris, and Elon Musk have sparked interest in Bitcoin, making it the talk of the day.
Trump, whose campaign is leading in the polls, has instilled confidence among conservative investors with his pro-crypto stance. Investors see his potential win as favorable for the long-term growth of the crypto market and a reduction in regulatory challenges for BTC crypto.
In a tweet, Trump urged his supporters to vote, saying, “Today will be the most important day in American history… Together, we will have a tremendous victory.”
Kamala Harris rallied Democratic Party voters, expressing optimism for the election outcome.
Dogecoin and X Empire Ride the Bullish Wave
The US Election 2024 impact has also spilled over into memecoins like Dogecoin and X Empire ($X), both experiencing significant gains. Known as the leader in the memecoin world, Dogecoin surged 25.40% within 24 hours, now trading at $0.204 with a market cap of $29.92 billion. X Empire, another trending coin, soared an astonishing 108.28%, jumping from $0.00003954 to $0.00007819, with a market cap of $53.95 million.
The involvement of Elon Musk, a strong advocate for both Bitcoin and Dogecoin, has further propelled these gains. His support for Trump’s policies has resonated with the crypto community, prompting them to invest more in BTC and popular memecoins.
Bitcoin’s record-breaking ATH on this historic election day marks a new chapter, driven by both political influence and the ever-growing belief in crypto’s future.
Visit: CoinGabbar
#bitcoin #BitcoinATH #coingabbar #cryptocurrency
Bitcoin, the king of cryptocurrency, has hit a remarkable new Bitcoin all-time high (ATH) of $75K BTC on the very first day of the highly anticipated US Election 2024 voting. In a span of 24 hours, BTC price surged from $68,656.38 to $73,976.74, marking an impressive intraday spike of 8.34%.
Source: CoinMarketCap
With Bitcoin’s market cap now at $1.46 trillion and 24-hour trading volume at $79.45 billion, the excitement surrounding the election seems to have fueled this BTC rally.
Why is Bitcoin Going Up?
This unprecedented Bitcoin price surge has coincided with significant movements in the US political landscape. Unlike previous Bitcoin pumping driven largely by crypto whales and institutional investors, the USA 2024 election itself appears to be the main catalyst. Prominent figures such as Donald Trump, Kamala Harris, and Elon Musk have sparked interest in Bitcoin, making it the talk of the day.
Trump, whose campaign is leading in the polls, has instilled confidence among conservative investors with his pro-crypto stance. Investors see his potential win as favorable for the long-term growth of the crypto market and a reduction in regulatory challenges for BTC crypto.
In a tweet, Trump urged his supporters to vote, saying, “Today will be the most important day in American history… Together, we will have a tremendous victory.”
Kamala Harris rallied Democratic Party voters, expressing optimism for the election outcome.
Dogecoin and X Empire Ride the Bullish Wave
The US Election 2024 impact has also spilled over into memecoins like Dogecoin and X Empire ($X), both experiencing significant gains. Known as the leader in the memecoin world, Dogecoin surged 25.40% within 24 hours, now trading at $0.204 with a market cap of $29.92 billion. X Empire, another trending coin, soared an astonishing 108.28%, jumping from $0.00003954 to $0.00007819, with a market cap of $53.95 million.
The involvement of Elon Musk, a strong advocate for both Bitcoin and Dogecoin, has further propelled these gains. His support for Trump’s policies has resonated with the crypto community, prompting them to invest more in BTC and popular memecoins.
Bitcoin’s record-breaking ATH on this historic election day marks a new chapter, driven by both political influence and the ever-growing belief in crypto’s future.
Visit: CoinGabbar
#bitcoin #BitcoinATH #coingabbar #cryptocurrency
🌟 MARKET HIGHLIGHTS – TRUMP’S VICTORY SPARKS CRYPTO BOOM 🚀
The crypto market is buzzing as Bitcoin reaches a record high above $75,000 following Donald Trump’s election win. With renewed optimism, the top cryptocurrencies are experiencing powerful momentum. Let’s break down the key levels and price action for the leading assets:
🔥 Bitcoin ($BTC ) Sets New Records
Current Price: $74,413
All-Time High: $75,407
Key Resistance: $73,777 – Holding above this level could pave the way toward $93,554.
Key Support: $68,808 (20-day EMA) – A break below may slow down the bullish pace.
BTC bulls are in control. Sustaining above $73,777 could open doors to $90,000+.
💥 Ethereum ($ETH ) Attempts Recovery
Current Price: $2,647.52
Resistance: $2,850
Support: $2,300 – A critical line for bulls to defend.
Ethereum is bouncing back, with $2,850 as the next target. Failure to break through may lead to consolidation, with $2,300 as a key support level.
💸 Solana ($SOL ) Continues Rebound
Current Price: $185.67
Resistance Levels: $189, $210
Support: $183 – Holding above this keeps the bullish momentum alive.
SOL is eyeing $210 after bouncing within the $183-$189 range. A dip below $189 signals caution.
🛡️ Binance Coin (BNB) Holds Steady
Current Price: $583.86
Targets: $635, then $722
Support: Uptrend line, with a potential pullback to $460.
BNB is stable above its moving averages. Breaking $635 could signal a move toward $722.
🌐 XRP Finds Relief in the Rally
Current Price: $0.5319
Resistance: $0.64
Support: $0.50 – Staying above $0.50 hints at further recovery.
XRP is aiming for $0.64. A break below $0.50 could shift momentum back to the bears.
🐕 Dogecoin (DOGE) Surges on Trump Win
Current Price: $0.1927
Resistance: $0.22, then $0.30
Support: $0.18 – The crucial breakout level.
DOGE has surged past $0.18, testing resistance at $0.22. Bulls could push it to $0.30, but a slip below $0.18 may delay the rally.
💎 Toncoin (TON) Eyes a Relief Rally
Current Price: $4.69
Resistance: $4.94 (20-day EMA), $5.26 (50-day SMA)
Support Range: $4.44 - $4.72
TON finds buying interest in the $4.44 - $4.72 zone. Breaking above the moving averages could lead to a rally to $6.
🔷 Cardano (ADA) Holds Its Range
Current Price: $0.3541
Resistance: $0.40, then $0.45
Support: $0.31 – A solid base.
ADA is oscillating between $0.31 and $0.40. A breakout above $0.40 could set ADA on a path toward $0.49.
🐶 Shiba Inu (SHIB) Nears Breakout Zone
Current Price: $0.00001847
Resistance: $0.000020
Support: $0.000016
SHIB challenges resistance at $0.000020, which could set off a bullish pattern targeting $0.000026.
🌋 Avalanche (AVAX) Rebounds from Key Support
Current Price: $26.30
Resistance: $33, then $37.50
Support: $22.35 – A solid base for further gains.
AVAX has rebounded above $22.35. If bears reclaim control, a dip below this level could see AVAX revisiting $20.50.
🔥 Conclusion: Crypto Bulls Roar, But Key Levels are Crucial!
The crypto market is experiencing bullish waves, boosted by Trump’s pro-crypto stance. With assets like BTC, ETH, and SOL showing strength, traders should stay vigilant as increased volatility could lead to whipsaws. Monitor support and resistance levels closely to make informed trading decisions.
Stay tuned – the next big move could bring remarkable gains or sharp reversals!
🔥 Bitcoin ($BTC ) Sets New Records
Current Price: $74,413
All-Time High: $75,407
Key Resistance: $73,777 – Holding above this level could pave the way toward $93,554.
Key Support: $68,808 (20-day EMA) – A break below may slow down the bullish pace.
BTC bulls are in control. Sustaining above $73,777 could open doors to $90,000+.
💥 Ethereum ($ETH ) Attempts Recovery
Current Price: $2,647.52
Resistance: $2,850
Support: $2,300 – A critical line for bulls to defend.
Ethereum is bouncing back, with $2,850 as the next target. Failure to break through may lead to consolidation, with $2,300 as a key support level.
💸 Solana ($SOL ) Continues Rebound
Current Price: $185.67
Resistance Levels: $189, $210
Support: $183 – Holding above this keeps the bullish momentum alive.
SOL is eyeing $210 after bouncing within the $183-$189 range. A dip below $189 signals caution.
🛡️ Binance Coin (BNB) Holds Steady
Current Price: $583.86
Targets: $635, then $722
Support: Uptrend line, with a potential pullback to $460.
BNB is stable above its moving averages. Breaking $635 could signal a move toward $722.
🌐 XRP Finds Relief in the Rally
Current Price: $0.5319
Resistance: $0.64
Support: $0.50 – Staying above $0.50 hints at further recovery.
XRP is aiming for $0.64. A break below $0.50 could shift momentum back to the bears.
🐕 Dogecoin (DOGE) Surges on Trump Win
Current Price: $0.1927
Resistance: $0.22, then $0.30
Support: $0.18 – The crucial breakout level.
DOGE has surged past $0.18, testing resistance at $0.22. Bulls could push it to $0.30, but a slip below $0.18 may delay the rally.
💎 Toncoin (TON) Eyes a Relief Rally
Current Price: $4.69
Resistance: $4.94 (20-day EMA), $5.26 (50-day SMA)
Support Range: $4.44 - $4.72
TON finds buying interest in the $4.44 - $4.72 zone. Breaking above the moving averages could lead to a rally to $6.
🔷 Cardano (ADA) Holds Its Range
Current Price: $0.3541
Resistance: $0.40, then $0.45
Support: $0.31 – A solid base.
ADA is oscillating between $0.31 and $0.40. A breakout above $0.40 could set ADA on a path toward $0.49.
🐶 Shiba Inu (SHIB) Nears Breakout Zone
Current Price: $0.00001847
Resistance: $0.000020
Support: $0.000016
SHIB challenges resistance at $0.000020, which could set off a bullish pattern targeting $0.000026.
🌋 Avalanche (AVAX) Rebounds from Key Support
Current Price: $26.30
Resistance: $33, then $37.50
Support: $22.35 – A solid base for further gains.
AVAX has rebounded above $22.35. If bears reclaim control, a dip below this level could see AVAX revisiting $20.50.
🔥 Conclusion: Crypto Bulls Roar, But Key Levels are Crucial!
The crypto market is experiencing bullish waves, boosted by Trump’s pro-crypto stance. With assets like BTC, ETH, and SOL showing strength, traders should stay vigilant as increased volatility could lead to whipsaws. Monitor support and resistance levels closely to make informed trading decisions.
Stay tuned – the next big move could bring remarkable gains or sharp reversals!
🚀 New $BTC ATH is Coming in Moonvember 🌙
🎯 Next Target: Bitcoin’s aiming for ~$260,000! 📈
🌌 Alts Going Parabolic: Many altcoins set to skyrocket alongside BTC!
💸 Massive Gains Potential: $100 invested today could mean $10,000 by 2025 — if you pick the right lowcaps! 🔥
#MOONVEMBER #BitcoinATH #CryptoOpportunities #BTC $ETH
🎯 Next Target: Bitcoin’s aiming for ~$260,000! 📈
🌌 Alts Going Parabolic: Many altcoins set to skyrocket alongside BTC!
💸 Massive Gains Potential: $100 invested today could mean $10,000 by 2025 — if you pick the right lowcaps! 🔥
#MOONVEMBER #BitcoinATH #CryptoOpportunities #BTC $ETH
Bitcoin To $140K In 2 Weeks? Here's What Happens After It Hits New Highs 🚀
📈 Bitcoin surged to new all-time highs, briefly crossing the $69,000 level on Tuesday. Pomp Investments' Anthony Pompliano is bullish on Bitcoin's prospects, citing past record high breaks where Bitcoin doubled in 18 days or less.
📅 The recent rally is attributed to increased demand following the approval of spot Bitcoin ETFs in January. Pompliano believes Bitcoin's price could accelerate further, especially with the upcoming halving event in April.
💼 Institutional interest is evident, with Blackrock adding $1 billion to its Bitcoin ETF in just one day, signaling massive inflows. Despite optimism, Pompliano advises caution and recommends a 1% to 5% portfolio exposure to crypto.
#Bitcoin #BitcoinATH #Priceanalysis
📈 Bitcoin surged to new all-time highs, briefly crossing the $69,000 level on Tuesday. Pomp Investments' Anthony Pompliano is bullish on Bitcoin's prospects, citing past record high breaks where Bitcoin doubled in 18 days or less.
📅 The recent rally is attributed to increased demand following the approval of spot Bitcoin ETFs in January. Pompliano believes Bitcoin's price could accelerate further, especially with the upcoming halving event in April.
💼 Institutional interest is evident, with Blackrock adding $1 billion to its Bitcoin ETF in just one day, signaling massive inflows. Despite optimism, Pompliano advises caution and recommends a 1% to 5% portfolio exposure to crypto.
#Bitcoin #BitcoinATH #Priceanalysis
#STORJ USDT
LONG 🟢
Entry: Current price
Stop loss: 0.6565
Profit book targets are
👇👇👇👇👇👇👇👇👇👇👇👇👇👇
0.6935
0.7108
0.7271
0.7472
#DYOR #NFA #Write2Earn #TrendingTopic #PIXEL #BitcoinATH
LONG 🟢
Entry: Current price
Stop loss: 0.6565
Profit book targets are
👇👇👇👇👇👇👇👇👇👇👇👇👇👇
0.6935
0.7108
0.7271
0.7472
#DYOR #NFA #Write2Earn #TrendingTopic #PIXEL #BitcoinATH
$BTC
2024 = 50k to 90k
2025 = 90k to 120k
2026 = 120k to 150k
2027 = 150k to 200k
whole day I was busy in prediction of #BTC 🥹🥹
what you think guys?
#Write2Earn #BitcoinATH #Bitcoin #prediction2024
2024 = 50k to 90k
2025 = 90k to 120k
2026 = 120k to 150k
2027 = 150k to 200k
whole day I was busy in prediction of #BTC 🥹🥹
what you think guys?
#Write2Earn #BitcoinATH #Bitcoin #prediction2024
Signal Type🚦Future/Spot
Exchange♻️ Binance
Coin ➡️(LPT/USDT)
Direction Long🟢
Leverage ♦️ Isolated 2x
Margin💰Use 5% of your portfolio
Buy Below ❇️ 14.2
DCA Till ⚛️ 13.9
Target 1 ✅ 14.5
Target 2✅ 14.7
Target 3✅ 15.0
Target 4✅ 15.5
Target 5✅ 16.0
Target 6✅ 17.0+
Stoploss🚫 13.3
*Note*‼️
•Always Buy/sell coin in parts don't buy/sell in one shot.
•Always book your profit on target 1.
•Do your own risk management.
•Always use Stoploss
#Do at your own risk
#Write2Earn #TrendingTopic #BitcoinATH #TradeNTell
Exchange♻️ Binance
Coin ➡️(LPT/USDT)
Direction Long🟢
Leverage ♦️ Isolated 2x
Margin💰Use 5% of your portfolio
Buy Below ❇️ 14.2
DCA Till ⚛️ 13.9
Target 1 ✅ 14.5
Target 2✅ 14.7
Target 3✅ 15.0
Target 4✅ 15.5
Target 5✅ 16.0
Target 6✅ 17.0+
Stoploss🚫 13.3
*Note*‼️
•Always Buy/sell coin in parts don't buy/sell in one shot.
•Always book your profit on target 1.
•Do your own risk management.
•Always use Stoploss
#Do at your own risk
#Write2Earn #TrendingTopic #BitcoinATH #TradeNTell
What do you think, is Bitcoin: The Currency of the Future ? /part Three (the Final chapter)
Are we safe... the real question is,
is there anything that can be protected 100% ?
Bitcoin offer a high level of security and privacy through cryptographic techniques such as public-key cryptography and digital signatures. Users can generate multiple Bitcoin addresses, each associated with a unique public and private key pair, allowing for pseudonymous transactions. While Bitcoin transactions are recorded on the public blockchain, the identities of the parties involved remain anonymous unless voluntarily disclosed.
So what future can bring for our crypto king 😁
Despite its numerous advantages, Bitcoin faces several challenges, including scalability, regulatory scrutiny, and environmental concerns related to energy consumption.
However, ongoing developments such as the Lightning Network for off-chain scaling and advancements in sustainable mining practices offer potential solutions to these challenges. As Bitcoin continues to evolve and gain mainstream acceptance, it has the potential to reshape the global financial landscape and emerge as the currency of the future.
In conclusion, Bitcoin represents a paradigm shift in the concept of money, offering a decentralized, secure, and borderless alternative to traditional fiat currencies. With its innovative use of blockchain technology, scarcity, and privacy features, Bitcoin has the potential to become the predominant form of money in the future, empowering individuals with greater financial sovereignty and autonomy. However, realizing this vision requires addressing technical challenges and fostering widespread adoption and acceptance on a global scale.
Noone knows what future will bring, but i hope 🙏 that all of you in near future will achieve your crypto goals and even if you don't be a billionaire i wish that you can grove your crypto kingdome for a good life, for you and your family.
Till then be safe and stay strong 💪
#Write2Earn #BitcoinATH #BTC #TrendingTopic $BTC
Are we safe... the real question is,
is there anything that can be protected 100% ?
Bitcoin offer a high level of security and privacy through cryptographic techniques such as public-key cryptography and digital signatures. Users can generate multiple Bitcoin addresses, each associated with a unique public and private key pair, allowing for pseudonymous transactions. While Bitcoin transactions are recorded on the public blockchain, the identities of the parties involved remain anonymous unless voluntarily disclosed.
So what future can bring for our crypto king 😁
Despite its numerous advantages, Bitcoin faces several challenges, including scalability, regulatory scrutiny, and environmental concerns related to energy consumption.
However, ongoing developments such as the Lightning Network for off-chain scaling and advancements in sustainable mining practices offer potential solutions to these challenges. As Bitcoin continues to evolve and gain mainstream acceptance, it has the potential to reshape the global financial landscape and emerge as the currency of the future.
In conclusion, Bitcoin represents a paradigm shift in the concept of money, offering a decentralized, secure, and borderless alternative to traditional fiat currencies. With its innovative use of blockchain technology, scarcity, and privacy features, Bitcoin has the potential to become the predominant form of money in the future, empowering individuals with greater financial sovereignty and autonomy. However, realizing this vision requires addressing technical challenges and fostering widespread adoption and acceptance on a global scale.
Noone knows what future will bring, but i hope 🙏 that all of you in near future will achieve your crypto goals and even if you don't be a billionaire i wish that you can grove your crypto kingdome for a good life, for you and your family.
Till then be safe and stay strong 💪
#Write2Earn #BitcoinATH #BTC #TrendingTopic $BTC
🚀 Breaking News: Bitcoin Shatters Records Again! 🌟
We're thrilled to announce that Bitcoin has just surged to a new all-time high, hitting an impressive $72,000! 📈🔥 This milestone marks yet another historic moment for the world's leading cryptocurrency. 🌐✨
Let's celebrate this incredible achievement together and continue to ride the wave of innovation and opportunity in the crypto space! 🎉💰 #BitcoinATH #BTC #HotTrends #GALA
We're thrilled to announce that Bitcoin has just surged to a new all-time high, hitting an impressive $72,000! 📈🔥 This milestone marks yet another historic moment for the world's leading cryptocurrency. 🌐✨
Let's celebrate this incredible achievement together and continue to ride the wave of innovation and opportunity in the crypto space! 🎉💰 #BitcoinATH #BTC #HotTrends #GALA
#BTC/USD
Price has broken out of a rising wedge pattern which signals potential for further upside, though a pullback to retest support is possible🧐
If a correction occurs, the price may return to the triangle support zone to retest it☝️
#Write2Earn #PIXEL #TrendingTopic #BitcoinATH
Price has broken out of a rising wedge pattern which signals potential for further upside, though a pullback to retest support is possible🧐
If a correction occurs, the price may return to the triangle support zone to retest it☝️
#Write2Earn #PIXEL #TrendingTopic #BitcoinATH
🌐 Bitcoin's Global ATH Exploration!
Bitcoin has soared to new heights in ATHs across 17 G20 countries. 🚀 However, the journey continues as it strives to break ATHs paired against:
- 🇨🇭 Swiss Franc
- 🇲🇽 Mexican Peso
- 🇧🇷 Brazilian Real
The quest for new records and global financial milestones unfolds. Which currency will witness the next BTC ATH?
#BitcoinATH #GlobalCryptoJourney #BTCRecords #CryptoCurrency #BTC 🌍📈
Bitcoin has soared to new heights in ATHs across 17 G20 countries. 🚀 However, the journey continues as it strives to break ATHs paired against:
- 🇨🇭 Swiss Franc
- 🇲🇽 Mexican Peso
- 🇧🇷 Brazilian Real
The quest for new records and global financial milestones unfolds. Which currency will witness the next BTC ATH?
#BitcoinATH #GlobalCryptoJourney #BTCRecords #CryptoCurrency #BTC 🌍📈
#RLC USDT
LONG 🟢
Entry: Current price
Stop loss: 2.5608
Profit book targets are
👇👇👇👇👇👇👇👇👇👇👇👇👇👇
2.7056
2.7615
2.8347
2.9070
2.9874
#DYOR #NFA #Write2Earn #TradeNTell #BitcoinATH
LONG 🟢
Entry: Current price
Stop loss: 2.5608
Profit book targets are
👇👇👇👇👇👇👇👇👇👇👇👇👇👇
2.7056
2.7615
2.8347
2.9070
2.9874
#DYOR #NFA #Write2Earn #TradeNTell #BitcoinATH
💥 Futures (Free Signal)
✅ Long
#LINK/USDT
Entry zone : 19.053_19.442
Targets : 19.577_19.965_20.352_20.740_21.128_21.515_21.903_22.291
Stop loss :18.081
Leverage: 5x_10x
#Write2Earn #TrendingTopic #PIXEL #BitcoinATH
✅ Long
#LINK/USDT
Entry zone : 19.053_19.442
Targets : 19.577_19.965_20.352_20.740_21.128_21.515_21.903_22.291
Stop loss :18.081
Leverage: 5x_10x
#Write2Earn #TrendingTopic #PIXEL #BitcoinATH
#write2earn #Bitcoin 's Rally Continues: Surges Towards New All-Time Heights #BitcoinATH #BullRun🐂 #BTC
$BTC $ADA $SOL
Bitcoin's current rally seems relatively unhindered, with the largest cryptocurrency experiencing consecutive days of growth, edging closer to its peak. This surge is largely attributed to the robust demand expected from exchange-traded funds (ETFs) at the week's outset.
Reaching heights not seen since November 2021, Bitcoin soared to $66,500, marking a 6.34% increase. Its year-to-date surge of approximately 55% surpasses gains seen in traditional asset classes like stocks by a significant margin.
Jaime Baeza, founder of crypto hedge fund AnB Investments, noted the similarities between the current market conditions and the bull run of late 2020 and 2021, emphasizing heightened levels of leverage and greed. The frenzy surrounding Bitcoin is fueled by the seemingly insatiable demand from US-listed Bitcoin ETFs, which have seen massive inflows totaling $7.35 billion since their launch, despite notable outflows from firms like Grayscale Bitcoin Trust.
With anticipation of continued ETF inflows and the impending Bitcoin halving in April, traders are optimistic about Bitcoin's potential to surpass its previous record of nearly $69,000. This optimism extends to altcoins like Cardano and Solana, which saw gains of 6.8% and 3.3% respectively. Additionally, meme coins, including Dogecoin and Shiba Inu, experienced significant increases, reminiscent of the 2021 bull run.
Caroline Mauron, co-founder of digital-asset derivatives liquidity provider Orbit Markets, likened the current situation to retail traders seeking quick profits from volatile tokens. Meanwhile, trading in crypto derivatives, particularly at Chicago-based CME Group's Bitcoin and Ether futures market, indicates a bullish sentiment among US institutions, with all-time highs for Bitcoin expected to be tested in the short term.
$BTC $ADA $SOL
Bitcoin's current rally seems relatively unhindered, with the largest cryptocurrency experiencing consecutive days of growth, edging closer to its peak. This surge is largely attributed to the robust demand expected from exchange-traded funds (ETFs) at the week's outset.
Reaching heights not seen since November 2021, Bitcoin soared to $66,500, marking a 6.34% increase. Its year-to-date surge of approximately 55% surpasses gains seen in traditional asset classes like stocks by a significant margin.
Jaime Baeza, founder of crypto hedge fund AnB Investments, noted the similarities between the current market conditions and the bull run of late 2020 and 2021, emphasizing heightened levels of leverage and greed. The frenzy surrounding Bitcoin is fueled by the seemingly insatiable demand from US-listed Bitcoin ETFs, which have seen massive inflows totaling $7.35 billion since their launch, despite notable outflows from firms like Grayscale Bitcoin Trust.
With anticipation of continued ETF inflows and the impending Bitcoin halving in April, traders are optimistic about Bitcoin's potential to surpass its previous record of nearly $69,000. This optimism extends to altcoins like Cardano and Solana, which saw gains of 6.8% and 3.3% respectively. Additionally, meme coins, including Dogecoin and Shiba Inu, experienced significant increases, reminiscent of the 2021 bull run.
Caroline Mauron, co-founder of digital-asset derivatives liquidity provider Orbit Markets, likened the current situation to retail traders seeking quick profits from volatile tokens. Meanwhile, trading in crypto derivatives, particularly at Chicago-based CME Group's Bitcoin and Ether futures market, indicates a bullish sentiment among US institutions, with all-time highs for Bitcoin expected to be tested in the short term.
#btc
#Write2Earn
#BitcoinATH to the moooooooooon
Halving for Bitcoin in two months ⏰⚠️.
For those who do not know what the halving means and what it is, the halving is the Bitcoin split that occurs every 4 years, meaning a complete market cycle, in which quotas are distributed to the miners. This means that the number of supply will decrease and the demand will increase, and this thing will increase its price and in all markets in general if the commodity is scarce and the demand for it increases. It will become rare and expensive
Since Bitcoin will divide and become less in the market and demand will increase, this event is considered the biggest driving event to encourage investment in it, and it is not like any news. It is real news and action other than the Bitcoin formula 💐
And see in the picture, Bitcoin mining for the year 2024 is 3.3%, and after 4 years, the percentage decreases. Every time the percentage decreases, therefore, Bitcoin becomes rare, the demand for it increases, and its price becomes higher 💐.
#Write2Earn
#BitcoinATH to the moooooooooon
Halving for Bitcoin in two months ⏰⚠️.
For those who do not know what the halving means and what it is, the halving is the Bitcoin split that occurs every 4 years, meaning a complete market cycle, in which quotas are distributed to the miners. This means that the number of supply will decrease and the demand will increase, and this thing will increase its price and in all markets in general if the commodity is scarce and the demand for it increases. It will become rare and expensive
Since Bitcoin will divide and become less in the market and demand will increase, this event is considered the biggest driving event to encourage investment in it, and it is not like any news. It is real news and action other than the Bitcoin formula 💐
And see in the picture, Bitcoin mining for the year 2024 is 3.3%, and after 4 years, the percentage decreases. Every time the percentage decreases, therefore, Bitcoin becomes rare, the demand for it increases, and its price becomes higher 💐.
Will Bitcoin Surpass Previous Highs Before the 2024 Halving?
- Bitcoin poised for a significant surge, possibly surpassing $69k in the first half of 2024.
- Crypto market cap reaching $2 trillion, with Bitcoin's market cap hitting $1 trillion, indicating substantial growth and dominance.
- Forecasts by experts suggest Bitcoin's price could soar to $150k-$170k by 2026, highlighting long-term bullish sentiment.
- Detailed analysis identifies $69k as the next crucial resistance level, indicating potential momentum towards higher price targets.
- Record-breaking inflows have propelled Bitcoin's price to $51k as of February 14, 2024, with newly launched ETFs actively acquiring the cryptocurrency
Bitcoin has surged to its highest levels in two years during February 2024, recently surpassing the $50k mark, entering what appears to be a high-risk zone according to on-chain data. Despite this perceived risk, experts maintain confidence in the potential continuation of its rally in the near future.
The influx of ETFs has accumulated approximately $11 billion worth of BTC since January 10, 2024, with the combined net worth of all ETFs reaching approximately $41 billion. Institutional buying has also been notable, exemplified by MicroStrategy's purchase of $37 million worth of BTC, bringing their total holdings to over 190k BTC. Notably, tech investor Peter Thiel has invested $200 million in Bitcoin and Ethereum amidst this bullish market, further bolstering institutional interest.
Bitcoin's market capitalization has surpassed $1 trillion, contributing to the overall crypto market cap reaching $2 trillion in February 2024. Bitcoin's dominance in the market remains strong at 52.7%.
Note that cryptocurrency investments are highly volatile, and readers are encouraged to conduct thorough research and exercise prudence in their financial decisions
#Write2Earn #BTCATH #BitcoinATH #BTC #Bitcoin
- Bitcoin poised for a significant surge, possibly surpassing $69k in the first half of 2024.
- Crypto market cap reaching $2 trillion, with Bitcoin's market cap hitting $1 trillion, indicating substantial growth and dominance.
- Forecasts by experts suggest Bitcoin's price could soar to $150k-$170k by 2026, highlighting long-term bullish sentiment.
- Detailed analysis identifies $69k as the next crucial resistance level, indicating potential momentum towards higher price targets.
- Record-breaking inflows have propelled Bitcoin's price to $51k as of February 14, 2024, with newly launched ETFs actively acquiring the cryptocurrency
Bitcoin has surged to its highest levels in two years during February 2024, recently surpassing the $50k mark, entering what appears to be a high-risk zone according to on-chain data. Despite this perceived risk, experts maintain confidence in the potential continuation of its rally in the near future.
The influx of ETFs has accumulated approximately $11 billion worth of BTC since January 10, 2024, with the combined net worth of all ETFs reaching approximately $41 billion. Institutional buying has also been notable, exemplified by MicroStrategy's purchase of $37 million worth of BTC, bringing their total holdings to over 190k BTC. Notably, tech investor Peter Thiel has invested $200 million in Bitcoin and Ethereum amidst this bullish market, further bolstering institutional interest.
Bitcoin's market capitalization has surpassed $1 trillion, contributing to the overall crypto market cap reaching $2 trillion in February 2024. Bitcoin's dominance in the market remains strong at 52.7%.
Note that cryptocurrency investments are highly volatile, and readers are encouraged to conduct thorough research and exercise prudence in their financial decisions
#Write2Earn #BTCATH #BitcoinATH #BTC #Bitcoin