Attention crypto world!, #bitcoin , the #criptomoneda largest by market capitalization has surpassed the mark of $112,000 dollars, marking a new milestone in the history of the #Criptomonedas . This jump occurs after a period of calm, where the price tried to stay above $100,000 dollars. This rise was not only seen in Bitcoin, but also in other cryptocurrencies like #Ethereum (#ether ), experiencing a strong rebound. What does this mean for the future of digital investments? Let's explore.
On Wednesday, the rise in Bitcoin's price surprised more than one, as Bitcoin gifted us a new maximum price, thus breaking the barrier or 'psychological wall' for investors that was at $110,000 dollars. This means that every time Bitcoin approached this price, many sold to secure profits, slowing the ascent.
Bitcoin was practically oscillating in a price range that went from $100,000 to the 'psychological barrier' of $110,000, a price range that started in early May.
Thus, in the last 24 hours, the price of Bitcoin increased more than 2.35%, breaking that 'imaginary barrier' and reached a new historical maximum of $112,000 (so far).
This positive movement in the crypto market not only reached Bitcoin, but a similar movement was also seen in other cryptocurrencies in the market. Here we must highlight Ethereum (Ether), which has had a very interesting movement, rising more than 6% since early, reaching a maximum price of $2,795 dollars.
As I mentioned, this rise not only benefited Bitcoin but also other cryptocurrencies in the market like SOL, XRP, ADA, UNI, DOGE, EIGEN, ETHFI, among others.
Furthermore, if we look a little beyond the cryptocurrency market, we must highlight the important role that companies related to the crypto sector are playing, attracting the attention of investors. Just as a small sample, we have companies related to the crypto sector also starting to rise like Strategy, COIN, MARA, etc.
And it is that the lateralization of Bitcoin's price worried investors, as some thought that after those 'moments of calm', a 'storm' would follow, bringing the price of BTC down again below 100k. However, the story is different, as instead of a 'storm negatively hitting the market', we have a 'storm of growth'.
Some market analysts indicate that when Bitcoin's volatility decreases (as seen in that lateralization), historically it is a signal that the asset is preparing for a big upward movement.
Another positive point is that this contained strength was not only in Bitcoin, but also in Ethereum, which was under the radar of investors due to the growing institutional interest (large public companies accumulating this asset), generating speculations about the future of ETH. The role of Ethereum in tokenization (turning real-life things into digital assets) is a significant element that calls on companies to continue innovating and developing in this field.
In conclusion, we are at a decisive moment for Bitcoin and the crypto market, which will give us a better outlook on the direction of the price of this asset and others. Bitcoin once again makes history marking a new ATH, which could be the beginning of something bigger. One of the cryptocurrencies that has been most criticized was ETH, however, today it is in the spotlight of companies and investors for its role in the development of new advances in tokenization.
Do you think this is the beginning of a new trend change?
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