btcnewhigh

TL;DR:
The crypto market dropped 11.76% in the last 24 hours, bringing total market cap down to $2.19T. The decline was mainly caused by a large liquidation cascade, with crypto showing a strong 91% correlation with the S&P 500, signaling a broader macro-driven sell-off.
Key factors behind the drop:
Primary driver:
A heavy long liquidation cascade in Bitcoin derivatives, forcing more than $604M worth of BTC positions to close. This also pushed funding rates into negative territory, increasing downside pressure.
Secondary drivers:
Weakness in traditional equity markets and a wider risk-off sentiment, leading investors to rotate out of altcoins and intensify the sell-off.
Short-term outlook:
The market may stabilize if Bitcoin holds the $60K–$65K support zone, where strong buy orders are concentrated. A breakdown below this range could trigger another wave of liquidations.#NewsAboutCrypto #Binance #BTCNewHigh #WhenWillBTCRebound #JPMorganSaysBTCOverGold

Bitcoin ($BTC ) is once again showing signs of strength as the price continues to move upward after a period of consolidation. According to the latest chart structure, $ETH BTC has respected key support zones and is now attempting to build higher lows, which often signals growing bullish momentum. Market participants are closely watching this move, as similar price behavior in the past has led to strong continuation rallies. Despite short-term volatility, overall sentiment is slowly shifting from fear to cautious optimism.
Recent market data suggests that many traders view the current price zone as a strategic accumulation area rather than a danger zone. Historically, when Bitcoin stabilizes after a correction and starts pushing upward with steady volume, it attracts both retail and institutional interest. This phase often shakes out weak hands, creating opportunities for traders who are prepared to act during moments of uncertainty. For active traders, such conditions highlight why platforms like Binance BTC trading are increasingly used to manage risk and capture intraday and swing opportunities.
At the same time, macro and on-chain indicators continue to support Bitcoin’s long-term narrative. Reduced selling pressure from long-term holders and increasing exchange activity point toward renewed market participation. As volatility returns, traders are reminded that high-impact moves usually begin when confidence is low. This is why many experienced traders prefer to stay active in the market instead of waiting on the sidelines.
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#BTCNewHigh #BTC #BinanceBitcoinSAFUFund

Mexican billionaire businessman Ricardo Salinas stated that Bitcoin #BTC has become a global reserve asset and will soon surpass the $16 trillion market value of gold. Salinas argued that Bitcoin will gain approximately 8 times its current value and reach the total value of gold.
Salinas, who made remarkable statements in a speech, said, “Bitcoin is a new global reserve asset. It will surpass gold. This is the most important message to be taken from this speech.”
Stating that Bitcoin $BTC is currently trading at around $105,000, Salinas reminded that the total value of 20 million Bitcoins in circulation is around $2 trillion. In contrast, Salinas said that the total market value of gold is around $16 trillion, and that Bitcoin would need to increase in value eightfold to reach this level.
“I have no doubt that this will happen very soon,” said Salinas, who did not give an exact date but argued that the trend was clear: “The value of gold against Bitcoin is constantly falling. This trend is clearly visible.”
#BTCPrediction #BTC☀ #BTCNewHigh

In the crypto market, Bitcoin made history by soaring to a new high of $124,000; this reservoir of capital represents capital available for retreating into state exploitation or private consumption. The institutional cash is strong, the macroenvironment favorable, if count were made in this direction at all. Add in a supply shock that has resulted from halving not long ago and increasing adoption around the globe, price of Bitcoin was pushed higher. With optimism still high and traders now eyeing that $130K mark in the near future, but experts also warned that short retreatswould still be possible as a reaction to these rapid gains by the market. The rally underscores Bitcoin’s growing role not only as a store of value but also as an insurance policy against economic uncertainty.

#BTC #BTCNewHigh
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