• 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

2 years 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

Major US Banks Successfully Test Tokenized Cross-Border Payments

chest

Several major US banks, including JPMorgan, Citi, and UBS, have begun testing tokenized cross-border payments, settling transactions in an average of 80 seconds.

user avatarMiguel Rodriguez

Granite Emphasizes Editorial Integrity in New Report

chest

Granite has published a report that underscores its strict editorial policy focusing on accuracy, relevance, and impartiality.

user avatarLuis Flores

SanDisk Stock Rebounds After Three-Day Decline

chest

SanDisk stock (NASDAQ: SNDK) ended its three-day downward trend with a significant rise of 26 during Thursday's trading session.

user avatarArif Mukhtar

Block Investigates Coldcard Wallet Drainage Reports

chest

Block's engineering and security teams are investigating reports of drained non-Bitkey wallets, including Coldcard devices.

user avatarMaria Gutierrez

Coinkite Identifies AI-Exploited Flaw in Coldcard Wallets

chest

Coinkite has revealed a significant security flaw in its Coldcard Mk3 hardware wallets, leading to substantial Bitcoin losses.

user avatarDavid Robinson

xAI Challenges Minnesota's AI Nudification Law in Federal Court

chest

xAI, founded by Elon Musk, sues Minnesota AG to block HF 1606, a law regulating AI nudification software, claiming it violates free speech.

user avatarAndrew Smith

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.