Deutsch
The Bitcoin price reached a new all-time high yesterday evening. For the first time, BTC is trading above $126,000. Experts expect immense price gains by the end of the year. This is what the current market situation reveals about the market.
Bitvavo, one of the leading exchanges from Europe (Netherlands) with a large selection of cryptocurrencies. PayPal deposit possible. For a limited time only: 10 Euro bonus when you sign up via CoinPro.ch
Bitcoin Price Reaches New All-Time High above $126,000
The Bitcoin price reached a new record high yesterday evening. For the first time, BTC was able to rise above a market value of $126,000. At exactly $126,198, the largest cryptocurrency reached its peak according to CoinMarketCap.
- Bitcoin
(BTC) - Price $121,472.00
- Market Cap
$2.42 T
Just a few days ago, Bitcoin was able to overcome the important $120,000 threshold again. The digital asset last traded at this price in August. Many experts expect significantly higher records to be set this year. The conditions are internationally as positive as they have never been before in the history of Bitcoin.
Due to Bitcoin’s fresh price gains, the rest of the market also experienced a predominantly positive mood. Currently, green numbers dominate the market. The weekly trend in particular is characterized by gains. The daily trend, on the other hand, is mixed.
Over the last 24 hours, the crypto market as a whole has only increased by 0.35 percent. Its total value at the time of going to press is 4.25 trillion US dollars. Yesterday it reached its historical high of 4.32 trillion US dollars.
Crypto Market Bullish Again for the First Time since August
According to the CMC Fear & Greed Index, the crypto market has been bullish again for the first time since August 14. Yesterday, the mood rose to 59 points, reaching the upper end of the neutral spectrum. Today it broke through that and rose to 62 points – greedy territory.
If greed prevails in the crypto market, investors carelessly make further purchases. This in turn has a positive effect on the prices, which take further profits with them.
According to the Relative Strength Index, the market assesses many cryptocurrencies at a fair value after the recent gains. Most cryptos are neither oversold nor undersold.
Bitcoin Weakens in the Daily Trend: these Coins Continue to Rise
Bitcoin is weakening in the daily trend. The market leader has already moved away from its new all-time high. Since yesterday evening, it has fallen by 1.74 percent. At the time of going to press, BTC is trading at $124,000.
Meanwhile, several large cryptocurrencies are continuing their triumphant advance. Plasma (XPL) leads the list of the CMC 100 in the daily trend with an 11.10 percent price gain. The new stablecoin blockchain is trading at $0.98.
In second place in the trends is PancakeSwap (CAKE) – the token of the DEX of the same name. CAKE rose by ten percent to $4.00 over the last 24 hours. Mantle (MNT) is also recording remarkable gains of 8.44 percent in the daily trend.
The token of the popular Ethereum Layer-2 is trading at $2.31 at the time of going to press.
Bitcoin’s all-time high is causing a turnaround in the crypto market. Recently, altcoins had succeeded in conquering more and more market share. Only yesterday, CoinMarketCap rated the situation with 63 out of 100 points – so the market tended to favor altcoins.
Meanwhile, the altcoin index only reaches 58 points and thus indicates Bitcoin’s new strength. BTC could therefore make some more gains before the altcoin season actually begins. This usually only takes place when Bitcoin has already exhausted its maximum potential.
So far, the forecasts of many price analysts are unmatched. Experts such as Arthur Hayes or Standard Chartered expect a Bitcoin high of up to $250,000 by the end of the year. The current market situation shows: BTC still has potential in store.
Buy Bitcoin now!
