Ethereum

Rally

Bitcoin

Epic

BlackRock

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<p>Bitcoin appears poised to shatter its all-time high price of $69,000 this week as multiple bullish factors converge. Massive short liquidations worth $69 million over the past 24 hours signal traders betting against Bitcoin are feeling the squeeze. With indicators flashing green across the board, the mounting buy pressure could culminate in a breakout moment that thrusts Bitcoin into uncharted territory.</p>
<p>A tidal wave of institutional money is propelling Bitcoin's ascent. According to William Quigley, co-founder of Tether, as much as $500 million is flowing into Bitcoin ETFs daily. This unprecedented demand from Wall Street heavy hitters like BlackRock suggests Bitcoin could realistically top $300,000 at the peak of this bull cycle. The positive knock-on effects are already buoying major altcoins like Ethereum and Solana.</p>
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<p>Moreover, the U.S. government's continued fiscal profligacy is driving safe-haven demand for Bitcoin as a hedge against inflation and dollar debasement. Robert F. Kennedy Jr., a long-time advocate of inflationary alternatives, recently doubled down on crypto, purchasing Bitcoin for his children. He cited the ease of access thanks to regulated investment vehicles democratizing crypto exposure for the masses.</p>
<p>The frenzy isn't confined to Bitcoin. Meme tokens have caught fire too, with the total market cap of this speculative niche surpassing $50 billion amid the broader crypto boom. Ethereum is also shining, with the imminent Shanghai upgrade catalyzing a breakout above $3,500. Star Atlas, a Solana-based gaming metaverse, illustrated the exuberance by notching a single-day trading record of $483,000.</p>
<p>According to venture capital titans like Andreessen Horowitz, the genuine value in crypto is yet to be fully unlocked. Cashing out prematurely would be tantamount to leaving life-changing money on the table. With all the upside drivers aligning, crypto projects shipping products seamlessly could emerge as the cycle's biggest winners. The feverish market conditions suggest Bitcoin's all-time high is merely the opening salvo of a potential crypto supercycle.</p>
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<p><strong>This episode is sponsored by <a href="https://bit.ly/CoinLedgerPBN" rel="noopener noreferrer nofollow">CoinLedger</a></strong></p>
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