• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Bitcoin Hits New ATH: What's Next?

user avatar

by Giorgi Kostiuk

a year ago

Bitcoin's price surge to a new all-time high highlights ongoing activity in the cryptocurrency market. Analysts believe the growth potential is not yet exhausted.

New Price High for Bitcoin

Bitcoin's price reached $76,460.15 as a result of sustained growth over the past week. However, analytics platform CryptoQuant claims the coin is far from reaching its peak levels.

CryptoQuant's Current Assessment

According to CryptoQuant data, despite reaching a new all-time high, Bitcoin is not overvalued relative to its cost basis. Analysts suggest the MVRV ratio indicates that the current price is still far from peak levels, potentially suggesting room for further growth.

Bitcoin’s new all-time high doesn’t mean it’s overvalued relative to its cost basis. The MVRV ratio shows it is still far from peak levels.CryptoQuant.com

Impact on Altcoins

The growth in Bitcoin has also impacted many altcoins. Ethereum and Dogecoin saw significant increases, while Shiba Inu recorded record metrics, becoming the 12th largest digital currency once again.

Bitcoin's surge to a new all-time high has significantly influenced the market, sparking increased interest in cryptocurrencies. Analysts see further growth potential, attracting investor attention.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Kevin Warsh Proposes New Treasury-Fed Accord to Manage Balance Sheet

chest

Kevin Warsh proposes a new Treasury-Fed accord to manage the balance sheet effectively.

user avatarBayarjavkhlan Ganbaatar

India Confirms Continuation of Cryptocurrency Tax Framework

chest

The Indian government has confirmed the continuation of its existing cryptocurrency tax framework for the 2026-2027 fiscal year, rejecting industry calls for tax reductions.

user avatarMohamed Farouk

Taiwan Strengthens Defense in Response to Chinese Pressure

chest

Taiwan's President Lai Chingte is enhancing defense measures in response to increasing pressure from China, including increased spending and counter-espionage efforts.

user avatarDiego Alvarez

Taiwan's Geopolitical Strategy Shifts Towards Defense and Diplomacy

chest

Taiwan's geopolitical stance is evolving as leaders prioritize defense and diplomacy to counter China's coercive measures.

user avatarElias Mukuru

BitRiver Struggles with Sanctions and Client Losses

chest

BitRiver is facing operational challenges and legal issues due to sanctions and the loss of major clients.

user avatarMaria Fernandez

BitRiver CEO Igor Runets Detained on Tax Evasion Charges

chest

Igor Runets, the CEO of BitRiver, has been detained on charges of tax evasion, facing multiple counts for allegedly concealing assets.

user avatarKenji Takahashi

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.