Bitcoin Reaches New All-Time High Amid Market Fluctuations
- Bitcoin hit an all-time high of $111,970 on May 22.
- Current trading price is approximately $107,835.
- The Advanced NVT metric crossed above the +2 standard deviation, indicating bullish momentum.
- Market cap stands at $2.13 trillion, ranking Bitcoin as the largest cryptocurrency.
- Daily trading volume decreased by 31.58% to $45.94 billion.
Despite a recent all-time high of $111,970, Bitcoin’s price has retraced to around $107,835 due to macroeconomic pressures. The Advanced NVT metric suggests continued bullish potential as it remains above key levels.
Source (2.6)https://www.newsbtc.com/news/bitcoin/bitcoin-advanced-nvt-shows-no-signs-of-slowing-bullish-momentum-details/?rand=52377
