Bitcoin has solidified its position as a global powerhouse, now ranking as the 8th largest asset by market capitalization at an impressive $1.786 trillion. Bitcoin is now the 8th largest global asset by market capitalization, valued at $1.786 trillion. đ What’s your EOY prediction for $BTC?đ pic.twitter.com/CrgWzq2JP3 â IntoTheBlock (@intotheblock) November 18, 2024 With $BTC hovering around $90,000, analysts suggest the cryptocurrency may be entering a distribution phase. Historical data reveals that Bitcoinâs ânew ATH discoveryâ phase typically lasts 22 days, with the current rally already at day 18. $BTC is dancing around $90,000, hinting at a possible distribution phase.
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