• 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

UK Advertising Watchdog Bans Coinbase's Controversial Campaign

chest

The UK Advertising Standards Authority has banned Coinbase's 'Everything is Fine' campaign for downplaying crypto investment risks.

user avatarTenzin Dorje

100xSOON Perpetual Futures Prediction Market Launches with Revolutionary 30-Second Settlements

chest

The SOON platform has launched its 100xSOON perpetual futures prediction market, featuring 30-second trading intervals and automated on-chain settlements.

user avatarBayarjavkhlan Ganbaatar

Ethereum Set to Launch ERC8004 Token Standard for AI Agents

chest

Ethereum is set to deploy ERC8004, a new token standard that provides AI agents with portable onchain identity and reputation tracking.

user avatarMohamed Farouk

UK Advertising Standards Authority Takes Action Against Coinbase Ads

chest

The UK Advertising Standards Authority has banned a series of advertisements from Coinbase for misleading marketing practices.

user avatarElias Mukuru

John Daghita Launches Memecoin LICK Amid Investigation

chest

John Daghita, also known as Lick, launched a memecoin called LICK on the Pumpfun platform amid allegations of stealing over $40 million in cryptocurrency from US government wallets.

user avatarDiego Alvarez

Foundation Ownership Transferred to Blackdove

chest

Ownership of the NFT artist platform Foundation has been transferred to Blackdove to ensure its long-term future under new leadership.

user avatarMaria Fernandez

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.