💥Bitcoin has broken its all-time high in market cap, reaching $1.3 trillion.
📈Increasing ETF inflows are fueling the supply shock and contributing to Bitcoin's price rise.
📉Volatility is expected as Bitcoin approaches its resistance level at $70,000.
📊Historical data suggests that Bitcoin's price gains may diminish compared to previous cycles.
📚Bitcoin's current bull market could potentially outperform expectations due to high demand and institutional participation.
What is the current market cap of Bitcoin?
—Bitcoin's market cap has reached $1.3 trillion, breaking its all-time high.
What is driving the ongoing rise in Bitcoin's price?
—Increasing ETF inflows and the supply shock, caused by diminishing Bitcoin supply, are driving the rise in Bitcoin's price.
What can we expect in terms of price volatility?
—Volatility is expected as Bitcoin approaches its resistance level at $70,000.
How does the current bull market compare to previous cycles?
—Historical data suggests that Bitcoin's price gains may be lower compared to previous cycles, but high demand and institutional participation could lead to better-than-expected performance.
What factors should we monitor in the short term?
—Keep an eye on Bitcoin's price in relation to its resistance level at $70,000 and watch for volatility as Bitcoin continues its bull run.
00:00Bitcoin has broken its all-time high in market cap, reaching $1.3 trillion.
01:01Increasing ETF inflows are fueling the supply shock and contributing to Bitcoin's price rise.
02:22Volatility is expected as Bitcoin approaches its resistance level at $70,000.
04:33Historical data suggests that Bitcoin's price gains may diminish compared to previous cycles.
08:23Bitcoin's current bull market could potentially outperform expectations due to high demand and institutional participation.
