📣 Bitcoin Soars to $98,000, Surpasses Silver, and Becomes the World's 7th Largest Asset!
In an unprecedented surge, #Bitcoin $BTC has shattered records, reaching an all-time high of $97,000. The cryptocurrency has now overtaken #silver in market value, cementing its position as the 7th largest asset globally.
This milestone marks a defining moment in the financial world, as Bitcoin continues its meteoric rise, challenging traditional assets and reshaping the global economy!☄️
📈 Ethereum vs. Bitcoin: A Growing Divergence in Performance 📉
#Ethereum $ETH has significantly underperformed compared to #Bitcoin $BTC, with gains of 88% versus Bitcoin's impressive 272%. This widening gap raises the question: are we approaching a realignment between the world's two largest cryptocurrencies by market capitalization?
Keep an eye on market trends and macro developments—such shifts could present key opportunities for traders and investors alike.
💥 Cardano Shows No Mercy: Breaking Period Highs with the Predicted Fifth Long Wave!
#Cardano $ADA is unstoppable! It has shattered its period highs, confirming the fifth long wave formation, which I anticipated well in advance on my channel.
📈 Next Targets? Stay tuned for further updates and precise analysis. If you're riding this wave, let's capitalize on this momentum together!
📣 Bitcoin Soars to $94K as #BlackRock 's ETFs Hit the Nasdaq!
Bitcoin's rally shows no signs of stopping! 📈
Fueled by the excitement surrounding #BlackRock's #Bitcoin #ETFs now trading on #Nasdaq , the leading cryptocurrency $BTC has surged to an impressive $94,000.
I only own Bitcoin, #gold is too heavy for me! $BTC
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Raffaele B
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The Transition from Gold to Bitcoin: A Trend in Progress
Is Bitcoin the New Digital Gold? Many experts now regard Bitcoin as "digital gold," a non-inflationary store of value that preserves its nominal worth over time. The increasing correlation between $BTC in and gold (XAU) is one of the key indicators showing investors' confidence in Bitcoin, especially during times of economic uncertainty.
This correlation has been steadily growing since September 2021, reaching its highest annual level at the start of October. Bitcoin as an Alternative to the Banking Sector, Thanks to ETFs Stock market investors, and not just them, are expected to soon shift toward Bitcoin as the banking sector shows signs of weakness. The market has already witnessed something similar: in March 2023, when the U.S. experienced a "regional banking crisis," the value of Bitcoin surged by 40%.
Additionally, major speculators and institutional funds have already begun shifting from gold to Bitcoin after the launch of spot ETFs in the United States.
The Value of Bitcoin Is Surpassing Gold We are witnessing a transition from gold to Bitcoin, and this trend is likely to continue, especially now that access to Bitcoin has become more straightforward thanks to ETFs.
Bitcoin-Gold Ratio Favors BTC A recent Fidelity analysis shows that the correlation between Bitcoin and gold has increased throughout 2024. According to Longtermtrends, the gold-to-BTC ratio currently stands at 13, nearing historical highs.
Bitcoin Outperforms All Other Assets Bitcoin has outperformed other major asset classes in 7 of the last 10 calendar years. This remarkable price movement has been accompanied by significant volatility and downturns, in addition to historically high returns. Conclusion Bitcoin has grown too large to be ignored. As ETFs expand access and digital assets gain recognition as emerging investments, Bitcoin continues to cement its place as a dominant asset in today's financial landscape.
📣 Donald Trump’s Media Empire Eyes Crypto Trading Platform Acquisition!
#donaldtrump ’s social media group is shaking up the #crypto world with reports of advanced talks to acquire a leading cryptocurrency trading platform.
📊 Ethereum Stuck in a Prolonged Accumulation Phase!
#Ethereum continues to consolidate as it navigates a prolonged accumulation phase. After encountering significant downward pressure at the $3,376 resistance level, $ETH found strong support around $3,021, as identified by the #altrady platform. This support is reinforced by higher lows forming along a well-established ascending #trendline .
The newly established $3,206 resistance level remains a key barrier, maintaining the price within a narrow and stable range. Market participants are closely watching for a breakout, with growing pressure building for a decisive move in the coming sessions.