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The all-time high realized price of Bitcoin!

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Hot news for all of us! Today,  Bitcoin’s realized price has been just seen as $6000 per coin which is the all-time high mark. Bitcoin's circulating supply is directing towards the smaller account holders which is the highest than ever before. It shows, more people are engaging to buy Bitcoins which is a good sign for Bitcoin's mainstream adoption trend in this world as it is clearly seen Bitcoin's demand is increasing. 

 

So, what is the "realized price" of Bitcoin?
It is a unique metric that was first invented by Coin Metrics(crypto data firm) and derived from realized capitalization(Don't get confused with market capitalization). According to Coin Metrics, it is commonly used to measure the aggregate value of the Bitcoin network by multiplying each Bitcoin by the last time it moved.

 

How realized price is calculated?
Have a look at the following simple formula.
Realized price=The realized cap÷The circulating supply

 

Have a look at the following chart from GlassNode

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References:-

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The first time I saw this topic, I thought that BTC crashed to $6,000 but upon closer inspection this isn't the case. It is in fact something that I have no previous knowledge of.

 

Anyway, looking at the chart above, it shows that the realized price has been knocking on the doors of $6,000 for quite some time now (since around 2018). What took it so long to reach and exceed that mark? And are we going to expect a sharp upward trend in the following months?

 

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New to the Cryptotalk forum? Here's something that might help you get started:

https://cryptotalk.org/topic/24401-forum-tutorials-tips-and-tricks-for-newbies-compilation/

 

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8 minutes ago, kyoukage01 said:

Anyway, looking at the chart above, it shows that the realized price has been knocking on the doors of $6,000 for quite some time now (since around 2018). What took it so long to reach and exceed that mark? And are we going to expect a sharp upward trend in the following months?

@kyoukage01 Love to see questions like these(Quoted) 😍! Realized price of Bitcoin depends on overall increasing rate of the new investors. Yes, it is quite a long time to reach this milestone of $6000 but during this time, so many things were happened like so many countries issued a ban against cryptocurrency which has surely affected the adoption rates of BTC but now time has changed, COVID-19 has taught so many things and people started to prefer cryptocurrency transactions. Hopefully, realized price of Bitcoin will get even more this year. 

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Bitcoin investors are increasing more from year to year, this metric indicates the public's interest in cryptocurrency especially Bitcoin, but it would be even more interesting if the metric also discussed Altcoins,

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On 8/7/2020 at 3:41 PM, Whited35 said:

Realized price=The realized cap÷The circulating supply

I will have to find what realized cap is then. It seems this metric requires study to figure out how they make it. I might look it up if I have free time. 

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5 hours ago, ayatoslaw said:

 but it would be even more interesting if the metric also discussed Altcoins,

@ayatoslaw You know,in order to calculate realized price for a coin, it is very important to determine its realized cap. According to Coin Metrics(crypto data firm) it is determined by not including the lost coins in the circulating supplies. In case of Altcoins, most of them tend to get lost, remain unclaimed, or become useless due to bugs so this can be a reason that Crypto Data Firm is facing a hard time to discount the lost Altcoins from their circulating supply.

In case of Bitcoin, their research suggests, roughly 15% of supply is lost forever and hence they are out of circulation.Unfortunately, both these terms "Realized Price" and "Realized Cap" are not widely discussed but both of them are looking more scientific to determine real world adoption rates of cryptocurrencies.

Anyway, talking about current scenario, BTC is consolidating for days, looking like next spike is on the way. So get ready😜.

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Good topic mate. I also saw the news on Friday on my Twitter timeline. 

This actually indicates that more investors are coming in for Bitcoin and the major holders might be realising part of their investment which is suggesting a more evenly distributed investment. The realized price has always hit $6000 after about 5 years below the level. This is the decentralisation we need. More of this.

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My Altcointalks username —° Raqeebzy

 

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32 minutes ago, Raqeebzy said:

Good topic mate. I also saw the news on Friday on my Twitter timeline. 

This actually indicates that more investors are coming in for Bitcoin and the major holders might be realising part of their investment which is suggesting a more evenly distributed investment. The realized price has always hit $6000 after about 5 years below the level. This is the decentralisation we need. More of this.

@Raqeebzy Incredibly, small Bitcoin investors are increasing which is a clear sign that Bitcoin is getting more popularity. More the investors for Bitcoin, more will be its demand and price in the cryptocurrency markets.  

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I think that the price of bitcoin in the crypto market differs from the achieved price of bitcoin according to the crypto data company Coin Metrics, and it seems to me that it is good news for Bitcoin users, and this strongly indicates the increasing demand to buy bitcoin in the recent period

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2 hours ago, Hvstle said:

Great news for investors and distributors alike

What distributors are you referring to ? Have you understood from this topic what actually realized price of Bitcoin ? Investing in highly volatile things is too risky. Price volatility of Bitcoin is normal in the crypto world so before investing in BTC, make sure you are ready to take the risks. 


 

 

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On 8/25/2020 at 8:46 PM, Moaz said:

I think that the price of bitcoin in the crypto market differs from the achieved price of bitcoin according to the crypto data company Coin Metrics, and it seems to me that it is good news for Bitcoin users, and this strongly indicates the increasing demand to buy bitcoin in the recent period

@Moaz High realized price of Bitcoin would suggest, so many users from all around the world are finding Bitcoin useful to hold. Circulating supply of Bitcoin is scattered to the wallets of small investors. It suggests a strong sign of increasing Bitcoin adoption rates. 

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We are still far from reaching the old all-time-high price for bitcoin which was $20.000 back in 2017. If bitcoin rises by another $4000, it will be on par with the old record. In order to pass this level, a strong push is needed to encourage lots of investors and to convince them that even buying bitcoin at such high values can still be profitable. People don't buy anything that they believe then can't sell later.

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1 hour ago, Brushless4500KV said:

We are still far from reaching the old all-time-high price for bitcoin which was $20.000 back in 2017. If bitcoin rises by another $4000, it will be on par with the old record. In order to pass this level, a strong push is needed to encourage lots of investors and to convince them that even buying bitcoin at such high values can still be profitable. People don't buy anything that they believe then can't sell later.

You are right there @Brushless4500KV if only investors understand and get convinced that it's price will reach much higher and they will gain huge profits then they will invest high amounts in Btc .The old value of BTC about 20K is still a proof to the investors that it's price can go high. 


                                   

 

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this strongly indicates the increasing demand to buy bitcoin in the recent period, Bitcoin investors are increasing that Bitcoin is getting more popularity

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Update ! 

According to GlassNode, Bitcoin's realized marketcap has broken the reacord yesterday(On Nov 7, 2020) at $125 Billion ! It is surprising to see, $10B was added to realized marketcap in a month. Check more details here !

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These is one of the best topics I have come across all week long!!! 

Not only have I learnt about something new, but also I appreciate the fact it's a time to be alive to witness the all-time-high!!! 

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Reaching this all-time high price is really the most important thing for bitcoin if it wants to go with a very high trend.. but i think that we are still far away from reaching it! there are still many important prices which bitcoin have to break them in order to go above 17k and it isn't easy as it sounds and i don't even think that it may happen in the near future! we should compare the chart of bitcoin during 2016-2017 with the current chart to understand how it works here.. but also the realized price of btc which you mentioned in your topic is really an important signal for all traders and we should predict anything in a few days!

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On 11/8/2020 at 7:26 PM, saraanna396 said:

Indeed, good news, this indicator will help all traders predict the direction of the market and thus expect bitcoin to rise or fall, this indicator must be taken into account.

Actually it is the unique metric to help investors to understand how Bitcoin is adopted worldwide. 

On 11/8/2020 at 11:23 PM, MuhammadSh said:

Reaching this all-time high price is really the most important thing for bitcoin if it wants to go with a very high trend..

Make sure you have checked the update provided to this thread. Total realized price has again broken the previous record and it indicates, total number of BTC investors are increasing everyday. 

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10 minutes ago, luis2020lemus said:

The price of bitcoin will have an even bigger rebound next year when PayPal enables crypto trading on its platform for the whole world, thus attracting more small investors, and not only that little more institutions will also want a part of those profits and they will begin to implement it little by little

Yes @luis2020lemus but in this topic, we are discussing about the realized price of Bitcoin which is different than the normal price of Bitcoin. You might check the simple formula how the total realized price of Bitcoin is calculated. Check the topic once again. 


 

 

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Update ! 

According to report and live chart published by GlassNode , realized price of Bitcoin has just achieved another ATH and new realized price of Bitcoin is reported $7,670.15 ! It indicates, investors are increasing for Bitcoin everyday. Check the updates below.

 


 

 

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these all time high prices are just fast now there are a lot of milestones that Bitcoin have over took and now there is new limit of it and it is right now trading at $35000

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The Bitcoin price, which was 6,000 USD at the time the topic was created, has reached the level of 38,000 USD as of today. In almost 5 months, the Bitcoin (BTC) price has increased 6 times. Really, this is awesome. Of course, I do not know what price it will reach from now on. Because estimates are made between USD 300,000 and USD 1,000,000.

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On 1/7/2021 at 6:11 PM, zagzag said:

The Bitcoin price, which was 6,000 USD at the time the topic was created, has reached the level of 38,000 USD as of today. In almost 5 months, the Bitcoin (BTC) price has increased 6 times. Really, this is awesome. Of course, I do not know what price it will reach from now on. Because estimates are made between USD 300,000 and USD 1,000,000.

Quite impressive to check your reply that was created almost four moths ago😁! Now, check BTC price that is advancing toward the double of $38000 USD. If you are analyzing the market's momentum with some historical data, it is already about to make the new records one after another. These all are the beauties of Bitcoin as it is becoming more powerful than before. 


 

 

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This metric shows the public's interest in cryptocurrency, especially Bitcoin, but it would be much more fascinating if it included Altcoins.

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12 hours ago, MRashid123 said:

This metric shows the public's interest in cryptocurrency, especially Bitcoin, but it would be much more fascinating if it included Altcoins.

It exhibits the values for Bitcoin and the major altcoins. You can guess the market's sentiments by observing the values of CFGI. There are certain values to indicate bearish and the bullish markets for the cryptocurrency markets. The data will be updated once a day to exhibit the value of the Index and you can also find the graphs made by taking references of the historical values. 


 

 

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Against this backdrop, the DXY, and with it EUR/USD, underwent a correction, with the pair rising to 1.0752.     It should be recalled that the US inflation data released on April 10 showed that the Consumer Price Index (CPI) reached 3.5% year-on-year, the highest in six months. On Friday, April 26, the Bureau of Economic Analysis reported that inflation measured by the change in the Personal Consumption Expenditures (PCE) Price Index in March rose to 2.7% (year-on-year). The core PCE, which excludes volatile food and energy prices, instead of the expected decrease to 2.6%, remained at the previous level of 2.8%. Thus, on the one hand, we see that inflation is resistant and does not want to go down, and on the other hand, we observe a slowdown in GDP growth.   According to our forecasts, faced with such a crossroads, the Fed will still not deviate from its previous path and will choose to fight price growth. Moreover, the decrease in GDP in Q1 should not overly alarm the regulator, as the US economy had been expanding at 2% and more for seven consecutive quarters, despite the aggressively tight monetary policy of the Fed. Moreover, recent labor market data looks very positive. The number of initial unemployment claims decreased from 212K to 207K (forecast 214K) – a minimum since February.   On Tuesday, April 23, the same day as in the US, preliminary data on business activity came out from the other side of the Atlantic. In Germany, the Manufacturing PMI rose from 41.9 to 42.2, and in the services sector – from 50.1 to 53.3, the Composite Index – from 47.7 to 50.5. Regarding the Eurozone as a whole, a positive dynamic was also noted. Thus, the Business Activity Index in the services sector rose from 51.5 to 52.9 points, the Composite Index from 50.3 to 51.4. The exception was the Manufacturing PMI (a decrease from 46.1 to 45.6). As for forecasts about the start of easing monetary policy by the European Central Bank, the emphasis is still on June. This was once again confirmed by the president of the German Bundesbank and a member of the ECB's Governing Council, Joachim Nagel, who stated on April 24 that a rate cut in June does not necessarily imply a series of rate cuts. In other words, in June – yes, there will be a cut, what happens next – is still unknown.   All of the above indicates that the fundamental indicators are still on the side of the dollar. The EUR/USD correction is likely to be limited and will not be powerful or prolonged. Last week, the pair closed at 1.0692. According to economists from the Singapore-based United Overseas Bank, it is unlikely to have the strength to break through the resistance at 1.0765. As for the forecast for the near future, as of the evening of April 26, 50% of experts expect the dollar to strengthen, 35% – its weakening, the remaining 15% maintained neutrality. Among the trend indicators on D1, 65% are on the side of the bears, 35% – are coloured green. Among the oscillators, a third are on the side of the bears, a third – on the side of the greens, and a third – are painted in neutral gray. The nearest support for the pair is located in the zone of 1.0680, then 1.0600-1.0620, 1.0560, 1.0495-1.0515, 1.0450, 1.0375, 1.0255, 1.0130, 1.0000. Resistance zones are located in the areas of 1.0710-1.0725, 1.0740-1.0750, 1.0795-1.0805, 1.0865, 1.0895-1.0925, 1.0965-1.0980, 1.1015, 1.1050, 1.1100-1.1140.    The coming week promises to be quite turbulent and volatile as it is filled with various important events. On Monday, April 29, preliminary data on consumer inflation (CPI) in Germany will be released. The next day, another batch of German statistics will be released, including GDP and retail sales figures. On the same day, we will learn the preliminary volume of GDP and the level of inflation in the Eurozone as a whole. On Wednesday, May 1, Germany and many other EU countries will have a holiday – Labor Day. However, the United States will continue to work on this day. First, the ADP report on employment levels in the private sector of the country and indicators of business activity in the manufacturing sector will be published. The most important event will undoubtedly be the meeting of the FOMC (Federal Open Market Committee) of the US Federal Reserve on Wednesday, May 1, and the subsequent press conference of the management of this regulator. In addition, on Friday, May 3, we traditionally await another batch of very important statistics from the American labor market, including the unemployment rate and the number of new jobs created outside the agricultural sector (NFP), as well as revised data on business activity (PMI) in the US services sector.   GBP/USD: US PCE Hindered the Strengthening of the Pound   The preliminary statistics on business activity in the United Kingdom released on Tuesday, April 23, were mixed. The PMI in the manufacturing sector of the country crossed from above to below the growth/fall boundary, and with a forecast and previous value of 50.3 points, it actually fell to 48.7. In the UK services sector, on the other hand, there was growth in April – the indicator rose from 53.1 to 54.9 (market expectations 53.0). As a result, the Composite PMI reached 54.0 (52.8 a month earlier). However, all these figures did not attract much attention from investors.   On April 22, GBP/USD fell to 1.2300. The bulls on the pair took advantage of the dollar's overbought condition to return it to the lower boundary of the medium-term corridor of 1.2500-1.2800 in which it had been moving since the end of November last year. However, they did not have enough strength to consolidate within the corridor. The two-week maximum was recorded at 1.2540, after which, pushed by US PCE, the pair went down again and ended the five-day period at 1.2492.   According to specialists from United Overseas Bank, as long as the support at 1.2420 is not broken, there is still a possibility of the pound breaking through the 1.2530 mark. The next resistance, according to them, is at 1.2580. The median forecast of analysts regarding the behaviour of GBP/USD in the near future looks maximally uncertain: 20% voted for the movement of the pair to the south, the same amount – to the north, and the majority (60%) simply shrugged their shoulders. As for technical analysis, the trend indicators on D1 point south 65% and 35% look north. Among the oscillators, the picture is mixed: 25% recommend selling, 25% – buying, and 50% are in the neutral zone. In case of further decline of the pair, it will encounter support levels and zones at 1.2450, 1.2400-1.2420, 1.2300-1.2330, 1.2185-1.2210, 1.2110, 1.2035-1.2070, 1.1960, and 1.1840. In case of growth, the pair will encounter resistance at levels 1.2530-1.2540, 1.2575-1.2610, 1.2695-1.2710, 1.2755-1.2775, 1.2800-1.2820, 1.2885-1.2900.   No significant statistics on the state of the UK economy are planned for the week.   USD/JPY: Reached the Moon, Next Target – Mars?     We called the previous review "Higher and Higher". Now, it is worth asking at what altitude will this flight into space end? When will the Bank of Japan (BoJ) finally decide on a radical change in its monetary policy?   At the meeting on April 26, the members of the Japanese Central Bank unanimously decided to keep the key interest rate at the previous level of 0.0-0.1%. Moreover, the regulator removed from the statement the reference that it is currently buying JGB bonds for about 6 trillion yen per month. The statement after the meeting states that "the prospects for the development of the economy and prices in Japan are extremely uncertain," "if inflation rises, the Bank of Japan will likely change the degree of easing of monetary policy," however, "it is expected that the eased monetary policy will be maintained for some time."   The market predictably reacted to such decisions of the Japanese Central Bank with another Japanese candle on the chart of the USD/JPY pair. The maximum was recorded at 158.35, which corresponds to the peak values of 1990. There were no currency interventions to save the national currency, which many market participants feared. Recall that strategists from the Dutch Rabobank called the level of 155.00 critical for the start of such interventions by the Ministry of Finance of Japan. The same mark was called by 16 out of 21 economists surveyed by Reuters. The rest predicted such actions at levels of 156.00 (2 respondents), 157.00 (1), and 158.00 (2). USD/JPY has long exceeded the levels at which the intervention took place in October 2022 and where the market turned around about a year later. It now seems that 158.00 is not the limit. Perhaps it is worth raising the forecast bar to 160.00? Or immediately to 200.00?   USD/JPY ended the past week at 158.32. The forecast of analysts regarding the near future of the pair looks as follows: fear of currency interventions still prevails over 60% of them, while the remaining 40% are waiting for the continuation of the flight to Mars. Technical analysis tools clearly have no concerns about interventions. Therefore, all 100% of trend indicators and oscillators on D1 point north, although a third of the latter are in the overbought zone. The nearest support level is located in the area of 156.25, then 153.90-154.30, 153.10, 151.00, 149.70-150.00, 148.40, 147.30-147.60, 146.50. And it is practically impossible to determine resistance levels. We only note the reversal maximum of April 1990, 160.30, although this target is quite conditional.   No significant events regarding the state of the Japanese economy are expected in the coming week. Moreover, traders should keep in mind that Monday and Friday in Japan are holidays: April 29, the country celebrates the birthday of Hirohito (Emperor Showa), May 3 – Constitution Day.   CRYPTOCURRENCIES: Where Will Bitcoin Fall?   As expected, the fourth halving took place in the bitcoin network at block #840000 on April 20. The reward for finding a block was reduced from 6.25 BTC to 3.125 BTC. Recall that halving is a halving of the reward size for miners for adding a new block to the bitcoin blockchain. This event is embedded in the code of the first cryptocurrency and occurs every 210,000 blocks – until the moment when the mining of 21 million coins (presumably in 2040) ends the emission of cryptocurrency. It should be noted that the fourth halving will provide for the mining of approximately 95% of the entire bitcoin emission, about 99% of all coins will be mined by 2033-2036. Then, the emission will gradually move towards zero.   In the previous review, we promised to tell how the market would react to this important event. We promised – we report: the market reaction is close to zero. For several days after the halving, there was no growth in volatility. The price of bitcoin slowly and lazily moved first upward, reaching $67,269 on April 23, and then returned to where it began its weekly journey: to the $64,000 zone. It seems that market participants froze in anticipation of who would be the first to start buying or, conversely, selling the main cryptocurrency massively.   According to experts from Bitfinex, the post-halving supply restriction stabilizes the price of the first cryptocurrency and may contribute to its growth. "The reduction in the pace of bitcoin issuance after halving, which will amount to $30-40 million per day, contrasts sharply with the daily net inflow of $150 million into spot ETFs. This emphasizes a significant demand and supply imbalance, which may contribute to further price growth," stated the Bitfinex report.   However, analysts from QCP Capital believe that bitcoin optimists will have to wait at least two months before assessing the effect of the past fourth halving. "The spot price grew exponentially only 50-100 days after each of the three previous halvings. If this pattern repeats this time, bitcoin bulls still have weeks to create a larger long position," their report stated.   Anthony Pompliano, the founder of the venture company Pomp Investments, believes that within 12-18 months, the coin is expected to grow to $100,000, with chances of reaching $150,000-200,000. However, before moving to a bull rally, BTC/USD, in his opinion, is waiting for a correction down. At the same time, Pompliano believes that the price will not fall below $50,000. "I think we have already crossed this Rubicon," – he wrote.   The possible upcoming decline of the main cryptocurrency is probably a topic currently much more discussed than its subsequent growth. Many agree that bitcoin coins will appreciate in the long term. But how will quotes behave in the more foreseeable future? Fidelity Digital Assets, the leading issuer of one of the spot BTC ETFs, has already revised its medium-term forecast for bitcoin from positive to neutral. The reason for abandoning optimistic sentiments is several worrying trends in the crypto market. Fidelity analysts noted the growing interest in selling from long-term hodlers. Among them, there is currently a large percentage of profitable addresses, as noted in the company's report. This means that holders may want to lock in profits and start selling BTC. On the other hand, on-chain data indicates that small investors, on the contrary, continue to accumulate the first cryptocurrency. Since the beginning of the year, the number of addresses on which BTC is stored for at least $1,000 has increased by 20% and reached a new historical maximum. "Such a trend may indicate the growing dissemination of bitcoin and its acceptance among 'average' users," – Fidelity noted.   Specialists from CryptoQuant examined the SOPR indicator readings for these categories of investors and made conclusions similar to those of their colleagues from Fidelity. Investments in Bitcoin by "new" whales (owners of coins "aged" less than 155 days) almost doubled the indicator of "old" large players (more than 155 days). At the same time, the increased value of the metric showed that the profits of the "old" hodlers significantly exceed the indicators of the "newcomers". And if the "old-timers" move to fix profits, this may lead to the formation of price peaks. An analysis of the current picture, according to CEO of CryptoQuant Ki Young Ju, also speaks of the need to exercise caution in anticipation of possible corrections and increased volatility.   Recall that earlier, specialists from JPMorgan noted that digital gold is in a state of overbought. And co-founder of CMCC Crest Willy Woo noted that if the price of the first cryptocurrency falls below the support level of short-term holders at $58,900, the market risks moving into a bearish phase.   As of the evening of Friday, April 26, the BTC/USD pair is trading in the region of $63,950. The total capitalization of the crypto market is $2.36 trillion ($2.32 trillion a week ago). The Bitcoin Fear & Greed Index remained in the Greed zone, although it rose from 66 to 70 points.   Finally, in conclusion of the review, our long-forgotten crypto-life-hacks column. It turns out that in order to become a crypto millionaire, it is enough to have a marker and a piece of paper. The possibility of such a way of enrichment was proven by Christian Langlois, also known as Bitcoin Sign Guy. This guy made headlines in many news outlets after showing a notebook sheet with the inscription "Buy Bitcoin" behind the back of the Chair of the Federal Reserve System Janet Yellen. At that moment, the head of the Fed was giving testimony about the state of the US economy. This image instantly spread across the network and became one of the symbols of the emerging crypto industry.   For his misdemeanour, the 22-year-old intern Langlois was disgracefully expelled from the hearings. But after this episode was shown on television, enthusiasts sent 7 BTC to his crypto wallet to thank the guy for his bold move. Four years ago, Christian sold 21 copies of the "cult" sheet at an average price of 0.8 BTC, earning another 16.8 BTC. Thus, his total earnings reached 23.8 BTC, which is more than $1.5 million at the current exchange rate. And a few weeks ago, Langlois was offered another 5 bitcoins for the original, but he refused to sell the sheet. Nevertheless, Christian liked the idea of further monetizing the self-created object of "artistic and historical heritage", and he decided to sell it at an auction, directing the proceeds to finance his startup Tirrel Corp. On April 25, 2024, the auction house Scarce.City reported that the lot, which became a popular meme, was sold for 16 BTC (more than $1 million). NordFX Analytical Group   Notice: These materials are not investment recommendations or guidelines for working in financial markets and are intended for informational purposes only. Trading in financial markets is risky and can result in a complete loss of deposited funds.   #eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market   https://nordfx.com/ 
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