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Cryptocurrency News Articles
Bitcoin Achieved a New Milestone This Week by Reaching a New All-Time High
May 23, 2025 at 11:00 pm
Bitcoin reached a new all-time high this week. The cryptocurrency's latest upsurge boosted its renewed bullish sentiment and has opened a new frontier
Bitcoin has achieved a new milestone this week by reaching a new all-time high. The cryptocurrency’s latest upsurge boosted its renewed bullish sentiment and has opened a new frontier that could push the crypto’s price towards much higher prices.
Onchain data analysis provider, Cryptoquant, has observed that Bitcoin is currently rallying after reclaiming the Short-Term Holder Average Cost basis. According to Cryptoquant, the cryptocurrency’s current level is crucial and represents a significant buy-the-dip indicator during bull markets.
Short-Term Holder Realized Price As An Inflection Point
image: Cryptoquant
Cryptoquant: Bitcoin Reclaiming STH Cost Basis A Key “Buy-The-Dip” Signal
“Buy the dip” signals during extended bull runs occur when a digital asset embarks on a protracted rally with massive momentum. During such periods, investors typically capitalize on pullbacks to re-enter the market and maximize profit-making opportunities.
Observing this indicator during bull markets is considered decisive for buy-the-dip signals. Pointing out this occurrence amid Bitcoin’s heightened bullish sentiment further reinforces the cryptocurrency’s bullish appeal and boosts investors’ confidence.
Bitcoin Surged To New ATH; Analysts See New Bull Phase, $109K As Support
Bitcoin surged to touch $112,000 for the first time on Thursday, May 22, breaking through the previous resistance and setting a new all-time high. Despite the remarkable gains in recent weeks, pushing Bitcoin to its current level, most analysts believe that the cryptocurrency has just entered a new phase with great anticipation.
With a bull run in sight, many analysts consider Bitcoin’s previous all-time high of $109,356 to be the new base and the latest support. They anticipate a substantial surge in the cryptocurrency’s price in the coming months, fulfilling the expectations of many users since the last Bitcoin Halving.
An emerging "buy the dip" signal significantly strengthens the analysts' stance and boosts Bitcoin traders' confidence ahead of the new season.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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- Cryptocurrency market capitalization declines 1.7% to $3.29T, Bitcoin dips to $100.5k before recovering to $102.7k
- Jun 05, 2025 at 09:50 am
- A strengthening US dollar, driven by renewed tariff-related developments, weighed on crypto prices. This pressure was amplified by Bitcoin's recent rally to near-record levels
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- Pi Network Drops by 25.7%, Ending Its Upward Streak That Brought the Token's Price over the $1 Threshold
- Jun 05, 2025 at 09:50 am
- Pi Network drops by 25.7%, breaking its previous upward streak that brought the price of the token over the $1 threshold. Its trading volume recently surged by 3.7% in the past 24 hours.
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- USDC Issuer Circle Internet Group Launches Stablecoin Settlement Network, Excluding All Korean Companies
- Jun 05, 2025 at 09:45 am
- Circle Internet Group, the issuer of the dollar-based stablecoin USDC, has established a system enabling global remittance and settlement solely through stablecoins. However, it has been revealed that not a single South Korean company has participated in the network.
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