AHC RON
0 Following
10 Followers
20 Liked
0 Shared
Is Bitcoin about to mark a new all-time high soon?
Bitcoin is currently trading at around $104,011, up 7% in the past 7 days, with some analysts eyeing a push toward $105,000 or beyond. After reclaiming the $100,000 milestone earlier this month, BTC has shown resilience despite short-term volatility.
In Bitcoin’s recent rally, institutional accumulation remains a key driver, with companies like Strategy (formerly MicroStrategy) boosting their reserves to over 568,000 Bitcoin and Marathon Digital expanding its mining capacity.
The total crypto market capitalization hit $3.5 trillion for the first time since February 2, following a lower-than-expected CPI report for April.
The headline CPI came in at 2.3% annually, underperforming market forecasts of 2.4% — its lowest level since February 2021 — and a modest monthly increase of 0.2%. April's unadjusted core CPI annual rate was 2.8%, which aligns with market expectations.
Investors quickly capitalized on the weak inflation data, increasing buying pressure across top cryptocurrencies. Bitcoin reclaimed the $104,000 psychological level, posting a mild 1.4% gain after a brief decline to $101,700.
BTC's rise is also attributed to President Donald Trump's call for the Federal Reserve (Fed) Chair Jerome Powell to cut rates. Trump said he should "just let it all happen, it will be a beautiful thing."
The recent price rise has also seen the number one crypto asset continuing its correlation with the Global M2 money supply, which it has been tracking with a 10-week lag. BTC could rip to a new all-time high if the historical pattern holds.
Likewise, Bitcoin's spot Taker Buy/Sell Ratio across centralized exchanges has surged near the 1.02 level, according to data from CryptoQuant. The indicator, which tracks the ratio of aggressive buy-to-sell orders at market price, last hit such levels at the 2022 bottom near $15,000 and the breakout past $30,000 in late 2023, which were crucial turning points in the market.
Bitcoin is currently trading at around $104,011, up 7% in the past 7 days, with some analysts eyeing a push toward $105,000 or beyond. After reclaiming the $100,000 milestone earlier this month, BTC has shown resilience despite short-term volatility.
In Bitcoin’s recent rally, institutional accumulation remains a key driver, with companies like Strategy (formerly MicroStrategy) boosting their reserves to over 568,000 Bitcoin and Marathon Digital expanding its mining capacity.
The total crypto market capitalization hit $3.5 trillion for the first time since February 2, following a lower-than-expected CPI report for April.
The headline CPI came in at 2.3% annually, underperforming market forecasts of 2.4% — its lowest level since February 2021 — and a modest monthly increase of 0.2%. April's unadjusted core CPI annual rate was 2.8%, which aligns with market expectations.
Investors quickly capitalized on the weak inflation data, increasing buying pressure across top cryptocurrencies. Bitcoin reclaimed the $104,000 psychological level, posting a mild 1.4% gain after a brief decline to $101,700.
BTC's rise is also attributed to President Donald Trump's call for the Federal Reserve (Fed) Chair Jerome Powell to cut rates. Trump said he should "just let it all happen, it will be a beautiful thing."
The recent price rise has also seen the number one crypto asset continuing its correlation with the Global M2 money supply, which it has been tracking with a 10-week lag. BTC could rip to a new all-time high if the historical pattern holds.
Likewise, Bitcoin's spot Taker Buy/Sell Ratio across centralized exchanges has surged near the 1.02 level, according to data from CryptoQuant. The indicator, which tracks the ratio of aggressive buy-to-sell orders at market price, last hit such levels at the 2022 bottom near $15,000 and the breakout past $30,000 in late 2023, which were crucial turning points in the market.
India vs pakistan war
India and Pakistan have fought several wars and numerous military skirmishes since their independence in 1947. Here's a brief overview of the major wars:
1. First Indo-Pak War (1947–1948) – Kashmir Conflict
Cause: After Partition, the princely state of Jammu and Kashmir was contested. Pakistan-backed tribal forces invaded; the Maharaja chose to accede to India.
Outcome: Ceasefire brokered by the UN. Kashmir was divided between India (about 2/3rd) and Pakistan (1/3rd).
2. Second Indo-Pak War (1965) – Operation Gibraltar
Cause: Pakistan attempted to infiltrate Kashmir and incite rebellion.
Outcome: Stalemate. The Tashkent Agreement (mediated by the USSR) restored pre-war boundaries.
3. Third Indo-Pak War (1971) – Bangladesh Liberation War
Cause: India supported East Pakistan’s (now Bangladesh) fight for independence following a brutal crackdown by West Pakistan.
Outcome: India achieved a decisive victory. Bangladesh was created. Over 90,000 Pakistani soldiers surrendered.
4. Kargil War (1999)
Cause: Pakistani soldiers and militants occupied Indian positions in Kargil (J&K).
Outcome: India recaptured territory after intense fighting. International pressure, especially from the U.S., forced Pakistan to withdraw.
Ongoing Tensions
Despite no full-scale war since 1999, India and Pakistan continue to have border skirmishes, particularly along the Line of Control (LoC).
Major incidents include the 2001 Indian Parliament attack, 2008 Mumbai attacks, and 2019 Pulwama–Balakot escalation.
India and Pakistan have fought several wars and numerous military skirmishes since their independence in 1947. Here's a brief overview of the major wars:
1. First Indo-Pak War (1947–1948) – Kashmir Conflict
Cause: After Partition, the princely state of Jammu and Kashmir was contested. Pakistan-backed tribal forces invaded; the Maharaja chose to accede to India.
Outcome: Ceasefire brokered by the UN. Kashmir was divided between India (about 2/3rd) and Pakistan (1/3rd).
2. Second Indo-Pak War (1965) – Operation Gibraltar
Cause: Pakistan attempted to infiltrate Kashmir and incite rebellion.
Outcome: Stalemate. The Tashkent Agreement (mediated by the USSR) restored pre-war boundaries.
3. Third Indo-Pak War (1971) – Bangladesh Liberation War
Cause: India supported East Pakistan’s (now Bangladesh) fight for independence following a brutal crackdown by West Pakistan.
Outcome: India achieved a decisive victory. Bangladesh was created. Over 90,000 Pakistani soldiers surrendered.
4. Kargil War (1999)
Cause: Pakistani soldiers and militants occupied Indian positions in Kargil (J&K).
Outcome: India recaptured territory after intense fighting. International pressure, especially from the U.S., forced Pakistan to withdraw.
Ongoing Tensions
Despite no full-scale war since 1999, India and Pakistan continue to have border skirmishes, particularly along the Line of Control (LoC).
Major incidents include the 2001 Indian Parliament attack, 2008 Mumbai attacks, and 2019 Pulwama–Balakot escalation.
Login to explore more contents