Record-Setting Bitcoin Value Surpassed, Yet Not Money Matters Most

Record-Setting Bitcoin Value Surpassed, Yet Not Money Matters Most

Get the Latest Cardo Crypto Updates! Bitcoin (BTC), the supreme crypto contender, has been in a price range of $92,000 to $95,000 for the past week, keeping crypto enthusiasts on their toes. While it seems Bitcoin is treading water, it has conquered an all-time high (ATH)—albeit, not the one you're thinking of!

New Record Breaker: Bitcoin Realized Cap

CryptoQuant, an on-chain analytics powerhouse, shed light on this achievement in a post. To better grasp this, Bitcoin Realized Capitalization (BRC) takes into account the price at which coins were previously moved or transacted on-chain; unlike the standard market cap, which is the current price multiplied by total supply. BRC does not factor in coins lost to nefarious actors or long-dormant ones. So, this surge signifies renewed faith in Bitcoin, as the asset's Realized Cap now stands at an astronomical $882.2 billion—an ATH indeed!

Quantum Threat Ahead, Warn Analysts?

Investors are faithfully anticipating a bullish rally with the remarkable uptick in Bitcoin's Realized Cap—a trend that historically foreshadows accumulation by big investors and a significant price spike. As of now, the Bitcoin price hovers at $94,995.60, just $15,000 shy of its price ATH of $109,114.88.

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Background Info:

Realized Capitalization, also known as "realized cap," is a metric that values each individual BTC based on the price at which it was last moved or transacted on-chain. Unlike market capitalization, which relies on the current market price, realized capitalization offers a more stable and accurate reflection of the money invested in Bitcoin since it does not account for price fluctuations.

Realized capitalization can provide insights into future price movements, but its significance demands careful consideration of market and realized capitalization dynamics for accurate predictions. As institutions and long-term investors closely monitor these metrics, a rising realized capitalization generally reflects increased investment activity and confidence in the asset, which could fuel upward price trends. However, a stagnating realized capitalization while market capitalization continues to rise can signal speculation and potential for a correction. Additionally, the MVRV (Market Value to Realized Value Ratio) can help determine whether the market is overvalued or undervalued relative to historical cost bases.

1. The Bitcoin Realized Cap, a metric that values each individual BTC based on the price at which it was last moved or transacted on-chain, has reached an all-time high of $882.2 billion, according to CryptoQuant.
2. This surge in Bitcoin Realized Cap is seen as a sign of renewed faith in Bitcoin, as the asset's Realized Cap has attained an astronomical figure that was previously unseen.
3. In the crypto world, the rising Bitcoin Realized Cap often indicates accumulation by big investors and a potential significant price spike.
4. As of now, Bitcoin is trading at $94,995.60, closing in on its previous price all-time high of $109,114.88.
5. It is believed that the remarkable uptick in Bitcoin's Realized Cap could trigger a bullish rally in the crypto markets, and the eyes of investors are now on Bitcoin.
6. The rise in Bitcoin Realized Cap underscores the increased interest and confidence in Bitcoin within the finance and investing community, further underscoring the importance of closely monitoring such metrics for insights into future price movements.

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