đ Bitcoin Shatters Records: Soars Past $112,000 in Historic Rally
Digital gold just got heavierâBitcoin blasts through another psychological barrier as institutional FOMO reaches fever pitch.
The bulls aren't just runningâthey're airborne
No pullbacks, no apologies. The king of crypto laughs at 'overbought' signals as it carves another notch in its belt. Remember when $100K seemed impossible? Ancient history now.
Wall Street scrambles to catch up
Traditional finance dinosaurs hastily rewrite their 'blockchain is a fad' research notes. Meanwhile, decentralized finance protocols quietly process more daily volume than some national stock exchangesâbut who's counting?
This isn't just a rallyâit's a middle finger to monetary orthodoxy. As central bankers wring their hands over inflation metrics, Bitcoin's code executes perfect monetary policy at 10 minutes per block. The ultimate 'talk versus walk' scenario.
(Cynical finance jab: Goldman Sachs analysts now predict $150Kâright after finishing their 'sell' recommendations at $90K.)
Bitcoin, altcoins, stablecoins FAQs
What is Bitcoin?
Bitcoin is the largest cryptocurrency by market capitalization, a VIRTUAL currency designed to serve as money. This form of payment cannot be controlled by any one person, group, or entity, which eliminates the need for third-party participation during financial transactions.
What are altcoins?
Altcoins are any cryptocurrency apart from Bitcoin, but some also regard ethereum as a non-altcoin because it is from these two cryptocurrencies that forking happens. If this is true, then Litecoin is the first altcoin, forked from the Bitcoin protocol and, therefore, an âimprovedâ version of it.
What are stablecoins?
Stablecoins are cryptocurrencies designed to have a stable price, with their value backed by a reserve of the asset it represents. To achieve this, the value of any one stablecoin is pegged to a commodity or financial instrument, such as the US Dollar (USD), with its supply regulated by an algorithm or demand. The main goal of stablecoins is to provide an on/off-ramp for investors willing to trade and invest in cryptocurrencies. Stablecoins also allow investors to store value since cryptocurrencies, in general, are subject to volatility.
What is Bitcoin Dominance?
Bitcoin dominance is the ratio of Bitcoin's market capitalization to the total market capitalization of all cryptocurrencies combined. It provides a clear picture of Bitcoinâs interest among investors. A high BTC dominance typically happens before and during a bull run, in which investors resort to investing in relatively stable and high market capitalization cryptocurrency like Bitcoin. A drop in BTC dominance usually means that investors are moving their capital and/or profits to altcoins in a quest for higher returns, which usually triggers an explosion of altcoin rallies.