Bitcoin

<ul><li>Bitcoin&#39;s price exceeds $51,000, marking a $1 trillion market cap, reflecting bullish sentiment amid optimism and options bets.</li><li>Glassnode&#39;s Realized Cap unveils insights into market trends, with profits dominating in bull markets.</li><li>Despite price volatility, long-term investors hold onto BTC, as Realized Cap drawdowns indicate buying opportunities near cyclical lows.</li></ul>In the recent turn of events, Bitcoin (BTC) <a href="https://coinmarketcap.com/currencies/bitcoin/" rel="noopener noreferrer nofollow">surged</a> through $51,000 during European trading hours on Wednesday, reaching a market capitalization of $1 trillion for the first time since December 2021. This bullish sentiment reflects continued optimism surrounding the largest cryptocurrency, with options traders betting on prices <a href="https://www.bloomberg.com/news/articles/2024-02-13/bitcoin-options-show-traders-setting-sights-on-new-record-high?sref&#61;wgRWWeJL" rel="noopener noreferrer nofollow">reaching</a> as high as $75,000 in the coming months.According to a <a href="https://cryptotale.org/bitcoin-surges-past-50000-as-top-cryptocurrencies-see-red/" rel="noopener noreferrer nofollow">recent</a> market analysis by CryptoRank, a highly-regarded research and analytics platform in the cryptocurrency industry, the current trend in the market is pointing towards a downturn. However, despite recent fluctuations, Bitcoin is still <a href="https://twitter.com/CryptoRank_io/status/1757668364632141834?ref_src&#61;twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1757668364632141834%7Ctwgr%5Ecd5263e6c477bac8dd34e43db4b7b3db9b62adf5%7Ctwcon%5Es1_&amp;ref_url&#61;https%3A%2F%2Fcryptotale.org%2Fmarkets%2Fcrypto-market-news%2Fbitcoin-surges-past-50000-as-top-cryptocurrencies-see-red%2F" rel="noopener noreferrer nofollow">trading</a> above the $50,000 mark, which is a promising sign for the leading cryptocurrency.Leading on-chain metrics platform Glassnode <a href="https://insights.glassnode.com/the-realized-cap-foundation/" rel="noopener noreferrer nofollow">provided</a> deeper insights into actual capital inflows. Beyond the current price action, on-chain analysis provides valuable insights into investor psychology and market dynamics. The Realized Cap, a metric that tracks the aggregate cost basis of all Bitcoin ever transacted, offers a unique perspective on investor behavior.Read full article at <a href="https://cryptotale.org/bitcoin-price-climbs-past-51k-briefly-touching-1t-market-cap/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Bitcoin Price Climbs Past $51K, Briefly Touching $1T Market Cap

CryptoTale

在 2024年2月14日發表的其他文章

Bitcoin (BTC) whale invests in Kelexo (KLXO) presale as markets surge but Monero (XMR) exodus sti...

Nokia Introduces AI Assistant “MX Workmate” for Industrial Workers

Bitcoin Resilience and Altcoin Predictions

UK Regulator Intensifies Oversight of Crypto Industry for Anti-Money Laundering

Japan eyes on stopping P2P transfers from fiat to crypto

Ledger Live and Coinbase Pay Team Up to Ease Crypto Purchases

訂閱免費電子報，每天收取加密貨幣最新動態！