#BinanceTurns8

# Bitcoin: The king of cryptocurrency is shining 🚀

## Current Situation

Bitcoin is in a strong explosive phase, having just reached a new all-time high (ATH). According to data from industry KOLs, there are many interesting signs that this could be a distinct cycle compared to previous price increases.

## Highlights from Experts

### Market Sentiment is Not Too Hot

According to **Ignas | DeFi**:

- There are not many widespread signs of FOMO (Fear Of Missing Out)

- The mainstream media has not made a big fuss about Bitcoin

- The Coinbase app has not made it to the top of the App Store

- There aren't many messages from friends outside the crypto industry

### Comparison with Other Coins

- ETH is still 37% lower than its ATH from 3 years ago

- SOL is 42% lower than its ATH

### Forecasts and Observations

**Mercury** shares that if this price increase takes BTC to $150k and ETH reaches a new ATH, they might retire.

**HORSE 🏴‍☠️** observes that this is still a cycle led by Bitcoin, which may be developing into a phase of "crossing over into TradFi."

**加密狗🔆** analyzes:

- The number of active Bitcoin addresses has surpassed the yearly and monthly averages in the past month

- This growth is related to Trump’s policies and concerns about interest rate cuts

## Factors Driving Growth

### Macroeconomic Factors

- The possibility of interest rate cuts in the U.S.

- Global political and economic instability

- Institutional capital is gradually flowing into the crypto market

### Growth Potential

According to **CZ**, Bitcoin's ATH of $120k is still too low compared to future potential.

**Res** notes that Bitcoin needs to reach $125k to create a new ATH compared to the Euro.