Some crypto experts are sending very special Christmas greetings at the new Bitcoin record high.

Crypto Twitter sends exuberant Christmas greetings after Bitcoin ( BTC ) hit another record high

At the time of going to press, the Bitcoin price on Bitstamp had recently hit a high of $ 24,661.76, which further improved the latest record from this week . Altcoins can also gain in the slipstream of the market leader, with Ethereum ( ETH ), Litecoin ( LTC ) and XRP all making significant gains.

Accordingly, crypto influencers and Bitcoin advocates celebrated the new record on Twitter, while at the same time advising investors to hold onto their crypto funds. Winklevoss twins Cameron and Tyler, who are best known for their legal dispute with Mark Zuckerberg and are among the most important figures in the industry with their Gemini crypto exchange, write:

While Cameron thanks Santa Claus for giving him a Bitcoin rate of US $ 24,500, Tyler is pleased that there is not the rod this year, but the new record rate

Morgan Creek Digital co-founder Anthony Pompliano also confirms that the record high will also sweeten his Christmas mood.

Mike Novogratz , the head of the crypto investment bank Galaxy Digital, is celebrating with a very special gift. In his tweet, for example, he holds a glowing moon ball in the air, which is supposed to symbolize the meteoric rise of Bitcoin.

Robert Breedlove, the author of the book „Thank God for Bitcoin“, on the other hand, is a little less superficial and reminds his followers of the revolutionary potential of the crypto currency:

“Bitcoin rewards patience and thoughtfulness. Fiat currencies, on the other hand, reward hasty and headless spending in order to get ahead of inflation. What world do you want to live in? In a world in which money is distributed calmly and reasonably or in a world in which it is wasted quickly and senselessly? „

Su Zhu of Three Arrows Capital is again warning the crypto community to HODLn, which means that investors should hold on to their assets in order to take further profits from the crypto market.

Da Bitcoins pris steg over $ 24000 og traff en ny ATH, fikk den mest av institusjonell og detaljhandel oppmerksomhet denne uken og i løpet av den siste helgen også. Med alt fokus på Bitcoin tørker investeringene inn i altcoins.

Med fallende etterspørsel ble altcoin-trader

Med fallende etterspørsel ble altcoin-trader fortjeneste basert på data på topp 10 altcoins basert på markedsverdi fra CoinMarketCap. Basert på historiske data og pristabeller, har de fleste av de 10 beste altcoins tatt store tap med fall i etterspørsel og volatilitet. Det kan imidlertid være en mulighet for å sprette tilbake fra dagens prisnivå.

I diagrammet over av Santiment er det en indikasjon på MVRV-muligheten og faresoneavvikelsen. Når Altcoins går forbi den grønne linjen, har de påført enorme tap, men det er også de som gir den største muligheten for fortjeneste de neste ukene. Denne beregningen relaterer hva som skjedde i 2017 bull run til gjeldende prisrally.

I løpet av 2017 bull run, opplevde flere altcoins et fall i fortjenesten, men det var en snuoperasjon som førte til en trend reversering på pristabellene. På samme måte kan de fleste altcoins – Litecoin, Chainlink, Cardano, Bitcoin Cash og mange andre forberede seg på en sprett. Flere kryptovalutaer på Santiments ‚Opportunity & Danger Zone Model‘ signaliserer en sprett.

For å støtte dette er det en lovet investeringsstrøm til altcoins når Bitcoin

For å støtte dette er det en lovet investeringsstrøm til altcoins når Bitcoin longs blir avviklet. Og basert på Joseph Youngs siste tweet, ble $ 474 millioner verdt Bitcoin-lengder likvidert 21. desember 2020 på 4 timer.

$ 424 millioner likviderte lengder || Kilde: TwitterYoung antyder at de kaskaderende avviklingene kan åpne for ytterligere kjøpsmuligheter for Bitcoin-handelsmenn. Imidlertid kan altcoins se en sprett tilbake etter at en korreksjon finner sted for Bitcoins pris.

Legg ut volatilitetsfallet når Bitcoin handler på et stabilt prisnivå, akkurat som det gjorde over $ 18000 og $ 19000 i flere uker, kan det være flere kjøpsmuligheter for detaljhandlere i altcoins.

Bitcoin share price reaches new all-time high: cryptomarket becomes more mature

Three important factors contributed to the new Bitcoin all-time high of $19,892.

According to Coinbase and Tradingview, the Bitcoin (BTC) price officially reached a new all-time high of over US$ 19,892 on 1 December after almost three years.

Despite the slump last week, the BTC share price recovered over the weekend. BTC then climbed effortlessly above USD 19,000 on Monday and reached its all-time high, although not on all stock exchanges.

There are three factors which have been particularly favourable to the rise of BTC from below $3,600 in March to over $19,892. These three factors by Bitcoin Billionaire are the increase in institutional demand, reduced selling pressure and the resilience of BTC in 2020.

Most on-chain data show that institutional demand for Bitcoin has increased rapidly.

In November, Grayscale recorded an all-time high in its inflows. The CME’s Bitcoin futures market saw an increase in open interest of almost $1 billion.

Grayscale also said that more institutions would invest in crypto-currencies in the third quarter of 2020 than ever before.

Grayscale’s results are important to gauge institutional interest in Bitcoin. Indeed, the Grayscale Bitcoin Trust is often the first point of access to BTC for most institutions.

There is no exchange traded fund (ETF) for Bitcoin and other major crypto-currencies in the United States. Therefore, the Grayscale Bitcoin Trust is the closest investment vehicle for the US market to an ETF. The Grayscale report states

„In the 3rd quarter of 2020, more institutions than ever before invested and reserved $2.9 million for Bitcoin. This compares to $2.2 million in the third quarter of 2019. Institutions using multiple products from Grayscale’s offering have on average invested almost twice as much as investors using only one product“.

As Cointelegraph reported in August, MicroStrategy purchased $450 million worth of BTC and made Bitcoin its primary reserve. That was probably the spark that sparked the current wave of institutional demand for this digital asset repository.

Throughout the summer, more and more high-profile names invested in Bitcoin came forward. These included Square, Paul Tudor Jones and later Stanley Druckenmiller. This only added to the positive market sentiment.

I call this chart „The Traditional Onslaught“.

We’ve been talking about „The Herd“ for 3+ years. The Herd requires career risk cover. This is that.

They are by definition not early adopters, but their pockets are deep & their capital is sticky. #Bitcoin is just getting started. pic.twitter.com/jC7uVBXxxW
– Travis Kling (@Travis_Kling) November 30, 2020

In November, Druckenmiller stated that Bitcoin is likely to be around for a long time to come, having overtaken gold by a wide margin in 2020:

„It has been around for 13 years. And every day it is becoming more stable as a brand“.

Six months after the halving, sales pressure from whales remained low in November, according to on-chain data. In other words, the amount of Bitcoin sent to the stock markets by very wealthy investors fell steadily over the month.