Bitcoin Surpasses US$121,000

[Suba]

Before 6 a.m., I was monitoring the BTC price at just around $117,000, but now at 7:10 p.m., Bitcoin has surpassed $121,500, setting a new all-time high. This represents an increase of more than 2% in less than 24 hours and more than 10% in a week.

This BTC price increase has certainly driven a significant increase in trading volume and market cap of more than 19%. This Bitcoin price increase has also boosted the overall crypto market. (You can see the details on Coinmarketcap.)

The increasing inflow of funds into spot BTC ETFs in the United States is a major factor in the rise in Bitcoin's price.
Furthermore, @AxelAdlerJr tweeted that the Market Value to Realized Value (MVRV) indicator is at 2.75, which will align with the Bitcoin price at US$130,900.

 

[Starmix]

Wow, that's impressive news. Many are surely excited, including you. Are you planning to sell your Bitcoins? Only a very few buys when the Bit price is high.

 

[Suba]

Wow, that's impressive news. Many are surely excited, including you. Are you planning to sell your Bitcoins? Only a very few buys when the Bit price is high.

Of course, I have no plans to sell or convert to stablecoins at this time, so I'd probably wait until the price reaches $130k, and I'll only sell 10% of my Bitcoin portfolio.

 

[gwolf666]

I think it is very likely, mostly this week it should happen although there is a possible negative scenario of a drop that could end below 116k, but as it started today it is likely to exceed 121k this week.