Key Takeaways:
- Bitcoin reached an all-time high of $108,353.
- Whales accumulated 70,000 BTC in 48 hours.
- MicroStrategy bought 15,350 BTC for $1.5 billion.
- XRP and Dogecoin might be the next cryptocurrencies to follow Bitcoin's rally.
- President Donald Trump is working on a national Bitcoin strategic reserve.
Bitcoin has once again shattered records, surging to an unprecedented high of $108,353 today. This surge marks a significant milestone in its history. The jump is over 1.5% in just 24 hours, according to u.today.
This remarkable ascent is fueled by massive accumulation from Bitcoin whales. They have reportedly scooped up 70,000 BTC, worth over $7.28 billion, in just the past 48 hours. coingape.com reported this.
MicroStrategy, a major player in the crypto space, significantly contributed to this buying frenzy. The firm acquired an additional 15,350 BTC for a staggering $1.5 billion. As we previously reported, MicroStrategy Joins NASDAQ-100 as Bitcoin Climbs.
While Bitcoin steals the spotlight, altcoins like XRP and Dogecoin are showing signs of following suit. Since November 4, when Bitcoin began its epic climb from below $70,000, XRP and DOGE prices have soared by 467% and 232%, respectively.
Their impressive gains make them stand out in the current market. It will be interesting to see if they continue to "catch up" with Bitcoin's impressive rally.
Regulatory changes could further boost Bitcoin's adoption. President Donald Trump is reportedly working on a national Bitcoin strategic reserve. It could potentially trigger a ripple effect for other countries.
This move could significantly impact Bitcoin's long-term price trajectory. Many market experts believe the coin is currently in a price discovery mode. Some even predict it could soar as high as $200,000 in this ongoing bull run.
Bitcoin's journey to this new all-time high has been nothing short of extraordinary. If you're curious about its growth since its launch, check out our detailed analysis: How Much Has Bitcoin Grown Since Its Launch? A Look at Its Journey to 2025.