• 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

Bitcoin Price Surges Past 73,000 Amid Improved Investor Sentiment

chest

Bitcoin price surges past 73,000 amid improved investor sentiment and a temporary ceasefire in the US-Iran conflict.

user avatarLuis Flores

BRICS Trade Without Dollar Expected to Exceed $1 Trillion

chest

BRICS trade conducted without the dollar is projected to surpass $1 trillion by the end of 2025.

user avatarMaria Gutierrez

BRICS GDP Hits 40% of Global Total, Surpassing G7

chest

The BRICS bloc's GDP has officially reached 40% of the global total, surpassing the G7's share.

user avatarDavid Robinson

Petrodollar Decline Reshapes Global Economic Landscape

chest

The decline of the petrodollar is reshaping global economic dynamics, with BRICS nations leading growth.

user avatarArif Mukhtar

ECB Supports Centralized Oversight of Crypto Markets

chest

The European Central Bank has backed the EU's proposal to centralize oversight of key financial markets, including crypto, under a single authority.

user avatarAndrew Smith

Circle CRCL Addresses Backlash Over Drift Protocol Exploit

chest

Circle has publicly addressed criticism regarding its response to the exploit of Solana's Drift Protocol, which resulted in a significant loss of funds.

user avatarJacob Williams

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.