Bitcoin climbed a full time high at $ 124,000 on Thursday, stabbing fresh optimism that the next leg discovery leg could push the cryptocurrency market value to Apple’s $ 3.4 trillion.
Bitcoin (Btc) press a All times high of $ 124,457, leading the first cryptocurrency in the world to briefly surpass Google’s $ 2.45 trillion market, which has become the fifth largest global property.
“Bitcoin All-Time High and it’s just Wednesday,” Gemini co-founder Tyler Winklevoss said in an X Posttested a wave of optimistic responses, including from popular investor Kyle Chassé, who predicted This would be the “best week for Bitcoin.”
Bitcoin’s new milestone has inspired a new wave of optimization, as investors today are the continuation of the price detection phase, which can see the next capitalization of the Bitcoin market next.
Bitcoin had to rise above $ 175,000 to flip the current $ 3.4 trillion capitalization of Apple’s market, which could occur before the end of August, Crypto’s analyst and Taproot builder Udi Wertheimer said on a Thursday X Post.
However, the $ 175,000 price estimate remains moderate compared to Arthur Hayes’ predictions, Bitmex’s co-founder and Chief Investment Officer in Maelstrom, which Bitcoin predicted can climb Up to $ 250,000 in 2025 If the US Federal Reserve Pivots on Volume easing.
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Institutional capital drives Bitcoin price momentum
The new Milestone of Bitcoin has boosted the total crypto market capitalization of the above $ 4.1 trillion in the first historical opportunity.
Current momentum signals have increased the “capital capital” driven by the desired macro tailwinds and growing clarity of regulation, according to Vugar Usi Zade, chief operating officer at the Bitget Exchange.
Changes in US policy, including recently passed Genius Act.
“It is not just a wave of speculation -Haka enthusiasm; this is the basis for incorporating crypto into the major portfolios.”
If this is a sign of the beginning of a “multi-quarter bull market expansion or the crest before a stage integration depends on how well the market is absorbing its own momentum,” he said.
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Other observers in the industry are also optimistic about Bitcoin’s momentum. “This is objectively the easiest BTC Bull Run ever assets up ever,” wrote Jeff Park, Procap BTC’s chief investment officer, on a Wednesday X Post.
Meanwhile, $ 126,000 is emerging as the next price level “Pivotal” to confirm another breakout, after Bitcoin’s $ 120,000 psychological score on a significant support, write analyst Capital, on a Wednesday X Wednesday X Post.
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