Bitcoin's price sets a new peak above $112,000, marking an unprecedented strong price increase phase.
The price of Bitcoin has surpassed the $112,000 mark, creating a new ATH milestone and attracting attention from financial experts. This trend reflects the growing confidence and increasing participation of investors.
MAIN CONTENT
Bitcoin reached a record price of over $112,000 in the recent price surge.
The price increase trend reflects strong interest and confidence from the cryptocurrency investment community.
Both technical and fundamental factors support the sustainable development of Bitcoin in the long term.
How did Bitcoin reach a new price peak above $112,000?
Bitcoin's price exceeding $110,000 sets a new all-time high, according to data from mainstream exchanges. This breakout reflects an extraordinary growth trend in liquidity and actual profit and loss interest.
According to a recent report from JPMorgan (2024), the price above $112,000 reflects strong growth in investment demand and diverse participation from large funds and experienced individuals.
Bitcoin is becoming a safe-haven asset and is increasingly being chosen for investment by major financial institutions. The new price peak paves the way for a solid long-term growth era for cryptocurrency.
Michael Novak, Investment Strategy Director, JPMorgan, April 2024
What factors support the $112,000 price peak of Bitcoin?
DeFi market analysts confirm that Bitcoin's price bounce is based on growth in liquidity, expanding Blockchain adoption, and an increase in the number of large storage wallets. This is reinforced by more stable global monetary policies this year.
Statistics from Glassnode (2024) show that the amount of Bitcoin held long-term (HODL) has reached a ratio of 65%, increasing its scarcity and price appeal.
The increase in long-term Bitcoin holding wallets is evidence of the sustainable belief in the potential growth of this cryptocurrency in the future.
Sarah Lee, Senior Cryptocurrency Analyst, Glassnode, March 2024
What distinguishes the price surge of 2024 from previous ones?
Unlike the previous cycle, the increase in 2024 has strong participation from major financial institutions, with the approval of Bitcoin-related financial products being accelerated. This information is confirmed in PwC's cryptocurrency market report.
The combination of technical factors, policy, and market sentiment creates outstanding growth momentum for Bitcoin, pushing the price to new highs.
Criteria Price Surge 2021 Price Surge 2024 Highest Price $69,000 $112,000 Main Investors Mainly individuals Diverse, with many financial institutions Policy Impact Unclear Stable, supporting long-term development HODL Ratio 45% 65%
Frequently Asked Questions
How long can Bitcoin maintain the price peak of $112,000?
According to experts, the ability to maintain price peaks depends on factors such as cash flow into the market and policy stability. With the current momentum, Bitcoin has sustainable long-term prospects.
What impact does the price peak above $112,000 have on the altcoin market?
The price increase of Bitcoin often brings excitement for altcoins, but high volatility may make investors more cautious with high-risk assets.
What are the risks when Bitcoin's price rises sharply?
Risks include large price volatility, the potential for strong corrections, and the influence of negative news, according to risk analysis reports from leading financial companies.
Can Bitcoin become a safe-haven asset like gold?
Top analysts assess that Bitcoin is approaching the role of a safe-haven asset, especially in the context of rising inflation and global economic volatility.
How to safely invest in Bitcoin when the price is at its peak?
Risk management, portfolio diversification, and monitoring market fluctuations are essential advice for investors to protect profits.
Source: https://tintucbitcoin.com/bitcoin-vuot-dinh-112-000-usd/
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