Price Of Bitcoin Breaks New All-Time High, Where Is The Cycle Top?
The post Price Of Bitcoin Breaks New All-Time High, Where Is The Cycle Top? appeared on BitcoinEthereumNews.com. Bitcoin (BTC) has proven itself once again as the leading digital currency in the market. The cryptocurrency broke past its all-time High (ATH) earlier today, and rallied over the $109,000 mark. The latest BTC surge has sparked discussions among industry leaders. In addition, crypto community members are also speculating about altcoins benefiting from the positive sentiments in the Bitcoin market. Price of Bitcoin Breaks ATH at $109,468.10 Amid Rising Open Interest Earlier today, Bitcoin (BTC USD) broke its previous ATH of $109,358, set in January following the inauguration of President Donald Trump’s second return to the White House. Data from the market reveals that BTC’s price hit $109,468.10 in today’s morning trading session. As of this writing, BTC price was trading at $107,134.45 up 3.4% over the previous day. Investor interest in the leading coin remains high, as indicated by the rising trading volume, which increased by over 20.3% in the past day to $64.6 billion. The price movement of Bitcoin shows it has decoupled from equities during recent volatility. Investors and traders are re-evaluating their exposure to US markets amid global trade uncertainty. Prior to this breakout in the price of Bitcoin, the coin’s realized cap added $3 billion, a sign of massive adoption. Image Source: CryptoQuant on X Notably, BTC attained the new milestone amid a rising open interest across significant exchanges. According to CoinGlass data, BTC’s open interest increased from $66.6 billion, as recorded last week, to $72 billion. Institutional platforms led the surge. The Chicago Mercantile Exchange (CME) recorded $16.9 billion, followed by Binance with $12 billion. The shift in traders’ interest in leverage suggests rising conviction around a bullish continuation for Bitcoin. Industry Leaders React to Bitcoin USD New ATH Some crypto stakeholders have dropped their comments on the historical Bitcoin milestone on various social…
The post Price Of Bitcoin Breaks New All-Time High, Where Is The Cycle Top? appeared on BitcoinEthereumNews.com.
Bitcoin (BTC) has proven itself once again as the leading digital currency in the market. The cryptocurrency broke past its all-time High (ATH) earlier today, and rallied over the $109,000 mark. The latest BTC surge has sparked discussions among industry leaders. In addition, crypto community members are also speculating about altcoins benefiting from the positive sentiments in the Bitcoin market. Price of Bitcoin Breaks ATH at $109,468.10 Amid Rising Open Interest Earlier today, Bitcoin (BTC USD) broke its previous ATH of $109,358, set in January following the inauguration of President Donald Trump’s second return to the White House. Data from the market reveals that BTC’s price hit $109,468.10 in today’s morning trading session. As of this writing, BTC price was trading at $107,134.45 up 3.4% over the previous day. Investor interest in the leading coin remains high, as indicated by the rising trading volume, which increased by over 20.3% in the past day to $64.6 billion. The price movement of Bitcoin shows it has decoupled from equities during recent volatility. Investors and traders are re-evaluating their exposure to US markets amid global trade uncertainty. Prior to this breakout in the price of Bitcoin, the coin’s realized cap added $3 billion, a sign of massive adoption. Image Source: CryptoQuant on X Notably, BTC attained the new milestone amid a rising open interest across significant exchanges. According to CoinGlass data, BTC’s open interest increased from $66.6 billion, as recorded last week, to $72 billion. Institutional platforms led the surge. The Chicago Mercantile Exchange (CME) recorded $16.9 billion, followed by Binance with $12 billion. The shift in traders’ interest in leverage suggests rising conviction around a bullish continuation for Bitcoin. Industry Leaders React to Bitcoin USD New ATH Some crypto stakeholders have dropped their comments on the historical Bitcoin milestone on various social…
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