Ah, Bitcoin. The digital gold, the people’s currency, the thing that makes your neighbor suddenly think they’re Warren Buffet. It’s currently taking a breather just shy of that magical $120,000 mark, cooling off after last week’s wild ride to a new all-time high. The bulls are still strutting around, but things have slowed down a bit, giving Ethereum a chance to steal the show with a dramatic leap above $3,600. Who needs sleep when there are crypto charts to stare at, eh?
But amidst this financial ballet, some fascinating data has emerged from the depths of CryptoQuant. Brace yourselves, comrades, because Bitcoin’s Realised Cap – a fancy way of saying the total value of all coins based on their last sale price – has hit a new all-time high. A trillion dollars, folks. A TRILLION. 🤯
This little milestone tells us something important: Bitcoin’s capital base is getting stronger, more mature, like a fine cheese. Institutional investors are piling in, long-term holders are clinging on for dear life, and the whole thing feels a bit less like a casino and a bit more like, well, a store of value. And just to add a cherry on top of this capitalist sundae, the US House of Representatives has finally decided to give crypto some legal clarity. About time, right?
Bitcoin: Not Just for Speculators Anymore
Our esteemed analyst, Axel Adler, has been shouting from the rooftops about this Realised Cap milestone. He’s pointing out that this metric is different from your regular market cap, which can be easily swayed by price fluctuations. This one, he says, gives us a truer picture of the real money invested in Bitcoin. It’s like comparing a used car salesman’s promises to the actual mileage on the odometer.
Adler even throws in a fun fact: if a company earned a dollar every second, it would take over 30,000 years to accumulate a trillion dollars. Makes you think, doesn’t it? Bitcoin’s value is growing faster than a Soviet bread line on payday.
So, while Bitcoin takes a little nap below $120,000, this Realised Cap surge tells us that this time, things might be different. We’ve got institutions, regulations, and long-term holders all playing their part. Could this be the start of something truly epic? Only time will tell, comrades. Only time will tell.
Bitcoin Takes a Breather
Bitcoin (BTC) is currently chilling out below the $120,000 mark after a wild ride to the top. Think of it as a pit stop on a long road trip. The 12-hour chart shows BTC bouncing around between $123,230 (the ceiling) and $115,730 (the floor). It’s a healthy pause, a chance to catch its breath before the next leg up.
But don’t worry, the bulls are still in charge. The price is still above all the important moving averages, which are like those little guideposts on the road, telling us which way to go. As long as BTC stays above $115,000-$116,000, the bulls are likely to keep charging ahead. Break above $123,230, and we could be seeing new all-time highs. But drop below $115,730, and we might see a little dip.
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2025-07-19 01:13