Bitcoin will break above $65,000 at the start of the week, just 6% from its all-time high of $69,044 set on November 10, 2021.
At the time of writing, Bitcoin** is 65,037$24. According to Coingecko, this means that it has been 6% since yesterday and 27% in the past week. If it is able to replicate 6% of ***, then it will be back to its all-time high.
The world's oldest and largest cryptocurrency has reached $27 billion in trading volume today, which is already more than yesterday's trading volume. Another sign is that weekend bitcoin trading has indeed fallen out of favor with investors.
But depending on which currency you use to measure Bitcoin's, it has already surpassed its all-time high.
On the same day that BTC reached its highest level in US dollar terms in 2021, it traded 59,716 in EuropeEUR 82. At the time of writing, 1 BTC is traded** at 59,901EUR 25. At the end of last week, Bitcoin has already hit new highs in other global currencies, including the Chinese yuan, the Japanese yen, the British pound, and the Indian rupee.
Some believe that 2024 is destined to belong to Bitcoin.
From the outbreak of the inscription track, to the approval of the Bitcoin spot ETF, to the breakthrough of $60,000 in Bitcoin**, the Bitcoin ecosystem has become the focus of the entire cryptocurrency community. The influx of capital and talent has accelerated the pace of innovation, emerging protocols such as BRC-20 and Atomicals, L2 and various ecological applications are poised to explore the infinite possibilities of the strongest consensus network in Web3.
Bitcoin is non-fungible, the quantity is constant, it is not inflationary, and the past transaction records cannot be tampered with. In the absence of ** servers, it has been running stably for 15 years. These transformative features have made Bitcoin so appealing to a large number of believers since its inception. Known as Bitcoiner, they are dedicated to building a community that popularizes the importance of Bitcoin and blockchain technology.
Over the past fifteen years, Bitcoiners have never stopped pushing Bitcoin into the mainstream:
In 2015, Felix Weis, a programmer in Luxembourg, went on a year-long trip around the world in which he paid for everything using only Bitcoin;
In 2019, Paris-based artist Pascal Boyart hid Bitcoin donations*** in street murals, allowing viewers to fund his work directly through Bitcoin;
In 2023, Tanzanian professional teachers and homeloggers like kweks climbed Mount Kilimanjaro to attract public attention and raise funds for his Bitcoin education project, Powa.
Bitcoin needs to be recognized, accepted, and used by more people, not just a few.
On January 11, 2024, the SEC approved 11 spot Bitcoin ETFs, marking an important milestone for Bitcoin to go mainstream. A month later, it was the Lunar New Year, the most lively festival in the East, which set up a wonderful stage for Bitcoin to break the circle.
The custom of red envelopes has a cultural consensus of 2 billion in the world, and Bitcoin has nearly 50 million holders in the world. The combination of the two is the integration of science and technology and humanities, tradition and modernity, and the nation and the world. When the huge cultural consensus collides with the huge cryptographic consensus, Bitcoin will be seen and accepted by more people. Old Wang said.
From owning Bitcoin, to seeing Bitcoin, to learning about Bitcoin. The Bitcoin red envelope, which was born at the time of consensus integration, made Bitcoin complete an attempt to get out of the circle in this Lunar New Year.