Stacks

Cryptocurrency

Filecoin

Bitcoin

Polkadot

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-price-soars-nears-all-time-high/" data-wpel-link="internal">Bitcoin Price Soars, Nears All-Time High</a> 
<a href="https://coin-turk.com/elon-musk-yine-bitcoin-hakkinda-konustu-btc-fiyati-etkilendi-mi" data-wpel-link="internal">Bitcoin</a>‘s (BTC) price today soared to $65,600, reaching its highest level since November 2021. This surge brought the largest cryptocurrency very close to the all-time high recorded in that month. This significant price movement indicates that investors who bought BTC in December 2022 at just below $16,000 have now realized gains of over 300%, putting it on par with major public companies. 
<h2 style="text-align: justify" id="strong-bitcoin-s-market-value-rivals-top-companies-strong">Bitcoin’s Market Value Rivals Top Companies</h2> 
The macroeconomic publication Kobeissi Letter highlighted <a href="https://en.coin-turk.com/experts-warn-of-limited-bitcoin-price-reaction-to-spot-etf-approvals/" data-wpel-link="internal">Bitcoin</a>‘s market value, which is approaching $1.3 trillion after the recent price increase. Comparing Bitcoin’s market value with large corporations, Kobeissi Letter mentioned that if Bitcoin were a company, it would be the world’s 8th largest publicly traded company. With a market value exceeding $1.3 trillion, Bitcoin has reached a point where it is on par with Meta (formerly Facebook) and has doubled the market value of electric vehicle giant Tesla. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-322679" src="https://coin-turk.com/wp-content/uploads/2024/03/Bitcoin-Tesla.png" alt="" width="499" height="1001"> 
Moreover, Bitcoin’s dominance over the market, being over 50%, shows that it maintains its position as the leading asset in the cryptocurrency market. However, analysts believe that an altcoin season, where altcoins perform better than the largest cryptocurrency, is unlikely to occur until Bitcoin’s market dominance significantly drops below the 50% level. 
Famous technical analyst Willy Woo predicted further upward momentum for Bitcoin, suggesting that if major spot ETF issuers allocate just 3% of their clients’ investments to the asset, the price could reach $125,000 by the end of 2025, fueling rising investor expectations. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-322681" src="https://coin-turk.com/wp-content/uploads/2024/03/Willy-Woo-Bitcoin.png" alt="" width="559" height="260"> 
<h2 style="text-align: justify" id="strong-latest-from-the-cryptocurrency-market-strong">Latest from the Cryptocurrency Market</h2> 
At the time this article was written, Bitcoin was trading around $65,000, up 5.16% on the daily timeframe, while many altcoins were outperforming it. 
The largest meme coin <a href="https://coin-turk.com/lider-meme-coinden-yukselis-girisimleri-dogecoin-doge-metriklerinde-ilgi-cekici-sinyal" data-wpel-link="internal">Dogecoin</a> (<a href="https://en.coin-turk.com/the-latest-update-on-dogecoin-and-its-future-predictions/" data-wpel-link="internal">DOGE</a>) rose 25% to $0.16 in the same timeframe, while Polkadot (<a href="https://en.coin-turk.com/will-the-popular-altcoin-drop-by-50-and-enter-the-buying-zone/" data-wpel-link="internal">DOT</a>) saw an 8% increase, trading around $10. Other altcoins recording significant gains include Filecoin (FIL), Near Protocol (NEAR), and Stacks (STX), indicating that the rise is not exclusive to Bitcoin but is a general market trend. 
In addition, the total market value of the cryptocurrency market has increased by 2.7% in the last 24 hours, reaching the highest level seen since December 2021. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-price-soars-nears-all-time-high/" data-wpel-link="internal">Bitcoin Price Soars, Nears All-Time High</a></h5>

Bitcoin Price Soars, Nears All-Time High

目次

COINTURK NEWS

2024年3月4日公開の他の記事

Bitcoin Exceeded $65,000! While BTC was Rushing to a Record, These Altcoins Took Flight!

Institutional Whales' Rally Strategy Revealed: "They Sell on Solana, Bought Bitcoin and These Alt...

5 meme coins to buy this week

MAGA Price Prediction: TRUMP Posts A 702% Monthly Gain As Traders Flock To This GameFi Meme Coin ...

Interview | MetaMask & Consensys Staking: Exploring Validator Staking on the MetaMask Portfolio

DeeStream presale booming, driven by Ethereum and BNB investors

ニュースレターを購読して暗号資産の最新情報を毎日入手！