Bitcoin Breaks New Record in Realized Cap, Ethereum Follows With Strong Momentum

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Bitcoin Hits New Heights: Is It Time to Buy a Yacht? 🚤💰

So, Bitcoin just decided to throw a party and hit over $107,000—like, can you believe it? Just a hair away from its December 2024 record of $109,000. And guess what? The Realized Cap, which is basically the fancy way of saying “how much all those coins are worth if we sold them,” has officially crossed the $900 billion mark. That’s right, folks! We’re talking about a milestone that screams, “Look at all this new money!” 💸

Now, with wallets bursting at the seams, it seems our dear investors are suddenly feeling a bit cautious. You know, the classic “let’s not get too wild” vibe. Profit-taking is all the rage, especially among those short-term holders who decided to cash in a whopping $11.4 billion last month. Yes, you heard that right—$747 million in one day! Talk about a shopping spree! 🛍️

Meanwhile, Ethereum is not just sitting around twiddling its thumbs. After its Pectra upgrade on May 7, ETH has been flexing its muscles with some impressive daily gains. One day, it even surged by 21.8%! That’s the strongest single-day performance since 2021. Speculation is running wild—could this be the start of a trend reversal? Or just a really enthusiastic hiccup? 🤔

According to Glassnode, Ethereum is eyeing the $2,400 to $2,900 range like it’s the last slice of pizza at a party. If it can break through and settle above that zone, we might just be in for a wild ride, setting the tone for the entire altcoin market. 🍕

With both Bitcoin and Ethereum strutting their stuff, it looks like we’re gearing up for a summer filled with high-stakes drama—and maybe some new record highs. Buckle up, everyone! 🎢

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2025-05-21 08:49