• 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

Solana Executive Declares End of XRP War

chest

Vibhu, a Solana executive, claims the competition with XRP has ended after the integration of wrapped XRP on the Solana network.

user avatarSon Min-ho

David Schwartz Clarifies His Position on XRP Holdings

chest

Former Ripple CTO David Schwartz clarified that his primary exposure to the cryptocurrency sector is now through Ripple stock rather than XRP, having significantly reduced his XRP holdings.

user avatarAyman Ben Youssef

Crypto Analyst Predicts BNB Price Could Reach $12,000

chest

Crypto analyst Crypto Patel predicts BNB price could reach $12,000 based on technical analysis and developments in the BNB Chain.

user avatarTando Nkube

Apple Achieves Record Revenue with Strong iPhone Sales

chest

Apple reports record revenue for the March quarter, driven by a 21% increase in iPhone sales to $57 billion and a 16% growth in services revenue to $31 billion.

user avatarKofi Adjeman

Bank of America Increases Apple Stock Price Target to $330

chest

Bank of America has raised its price target for Apple stock from $325 to $330, maintaining a Buy rating after the company reported its best March quarter on record.

user avatarNguyen Van Long

Franklin Templeton Partners with Ondo Finance for Blockchain Access

chest

Franklin Templeton has partnered with Ondo Finance to enable blockchain access for trading ETFs directly from crypto wallets, removing traditional investment barriers.

user avatarSatoshi Nakamura

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.