Bitcoin Nears $100,000 as Realized Cap Hits Record High
- Bitcoin is trading at $97,005, with a 2.6% gain over the past week and a 3.3% increase in the last 24 hours.
- The Realized Cap of Bitcoin has reached an all-time high of $890.7 billion for the third consecutive week.
- Both long-term and short-term holders are increasing their stakes during this consolidation period.
- The Coinbase Premium Gap is at -5.07, indicating lower Bitcoin prices on Coinbase compared to global platforms.
Bitcoin’s price remains just under $100,000, with its Realized Cap reaching $890.7 billion, suggesting increased investor activity despite regional selling pressure indicated by a negative Coinbase Premium Gap.
Source (2.6)https://www.newsbtc.com/bitcoin-news/bitcoins-realized-cap-hits-record-high-as-accumulation-continues/?rand=52377