Bitcoin's price surged 7% to $67K after the U.S. CPI report.
Bitcoin’s market behavior is sparking significant interest among investors, with current trends suggesting an extended bull cycle. The release of the U.S. CPI, which came in softer than expected at 0.3% for April, has boosted investor confidence. This news surged the price of Bitcoin to $67K, reflecting a 7% increase.
Meanwhile, Ki Young Ju, CEO of CryptoQuant, notes that Bitcoin’s market cap is outpacing its realized cap growth. Historically, this indicates a strong bullish phase. Ju predicts that this bullish phase could potentially extend until April 2025.
Bull Run Has Began
In a recent tweet, Ki Young Ju highlighted that Bitcoin’s market cap is growing faster than its realized capitalization. This realized cap, representing the value of all Bitcoin based on their last transaction prices, provides a clear view of the market’s economic activity.
Historically, when market cap growth outpaces realized cap growth, it signals strong market momentum typical of bull cycles. This observation is grounded in historical patterns of Bitcoin’s market behavior.
During previous bull cycles, similar trends have been noted, where market cap growth surpasses realized cap growth, indicating strong market momentum and investor confidence. If this pattern holds true, it suggests that the current bull run, already in progress, may continue for another year and a half.
End Of Bull Run
Given that the current trend has already begun, Ki predicts that this bull cycle could end by April 2025 if the pattern continues. However, this timeline provides a rough estimate for investors and market watchers to consider, as they strategize their investments and prepare for potential market shifts.
CryptoQuant CEO Ki Young Ju predicts the bull cycle could end by April 2025. Bitcoin's market cap is growing faster than its realized cap, signaling bullish momentum. Bitcoin's price surged 7% to $67K after the U.S. CPI report.
Some speculate that the crypto coin could reach $10 lakh by 2025. Himanshu Maradiya, founder and chairman of CIFDAQ Blockchain Ecosystem, stated, “While predicting Bitcoin will reach $1,000,000 by 2025 might seem overly optimistic, several factors make such a scenario plausible.
Jun 13, 2024 12:42. Wall Street veteran predicts Bitcoin to surge based on a rare mathematical pattern and rising ETF investments. Analyst sees Bitcoin reaching $400,000 by year-end and $600,000 by 2025 if current trends hold. Blow-off move predicted for Bitcoin, fueled by increasing ETF inflows and a power law model.
Several factors have contributed to this sharp decline in the crypto market. Profit-taking by investors is one of the main causes of this drop, as they look to secure their gains after a period of rise. Additionally, net outflows from Bitcoin ETFs in the United States have increased downward pressure on the market.
You might want to sell your crypto under some specific circumstances. If there is a lack of blockchain development progress or a string of negative news, you might want to sell your cryptocurrency. If you've reached your investing goals or want to reallocate your holding, you might want to sell your cryptocurrency.
Bitcoin has always been the top choice for investors trading cryptos for profit. It has also been the highest-profit crypto, reaching a record high of $68,000 in November 2021 and again in March 2024.
The world's first cryptocurrency, Bitcoin, has the largest market capitalization. Its established network, limited supply, and growing institutional adoption make it a relatively safe haven in the volatile crypto market. Bitcoin grew by 155% from the start till the end of 2023.
The most important thing to remember about Bitcoin is that it is a high-risk asset. Never invest money that you aren't willing to lose. Treat Bitcoin as a means of slowly growing your existing wealth rather than an all-or-nothing gamble. As with other investments, it's important to hedge your portfolio.
The surge in meme coin hype and the emergence of the FOMC contributed to this volatility, leaving traders and investors in a state of emotional turmoil.
Analysts at Bernstein have projected that the overall cryptocurrency market capitalization could surge threefold to $7.5 trillion by the end of 2025. The growth, according to Bernstein analysts, can come with “unprecedented” institutional adoption of crypto.
– Cryptocurrencies have the potential to vastly improve systems of payments if designed and implemented correctly; – In practice, however, digital currencies are struggling to uphold their creator's objectives, given that no existing cryptocurrency has been universally successful in fulfilling the role of 'money'.
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