Bitcoin, Crypto and Price Boom
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Historical data shows that XRP often mirrors Bitcoin’s bullish momentum. With amplified gains during altcoin seasons, how high could XRP price go if
“If the Fed quietly keeps hitting the QE [quantative easing] button, bitcoin might become the investment equivalent of a midnight convenience-store burrito—volatile but satisfying,” Garcia wrote, adding that others such as pro-bitcoin financial analyst Lyn Alden have played down the significance of the Fed’s bond purchases.
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Bitcoin (BTC) price recently hit a new all-time high of $111,800, but the bullish momentum may slow down as onchain data from Glassnode reveals significant profit-taking by short-term holders (STHs),
On May 22, Bitcoin (CRYPTO: BTC) hit a new all-time high of nearly $112,000. With a total market cap of $2.2 trillion, it now ranks as one of the five most valuable assets in the world, trailing only Apple (NASDAQ: AAPL), Nvidia (NASDAQ: NVDA), Microsoft (NASDAQ: MSFT), and gold.
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Glassnode data shows all wallet cohorts are now accumulating, with options markets pricing in potential upside beyond $200K in June.
Bitcoin hit a new all-time high of $111,970 on May 22, but retraced to $110,700, with analysts noting mixed signals on market overheating. Funding rates and other metrics suggest a “healthy upward phase.”
If interest rates stabilize or decline, investor appetite for risk-on assets like BTC could rebound. The Fear & Greed Index shows extreme fear, which historically has preceded price rebounds ...