Capital Stored In Bitcoin Just Broke A New ATH

Bitcoin continues to make headlines like crazy these days despite the massive market volatility.

The king coin managed to smash through $47k and at the moment of writing this article, the crypto is priced at $47,106.

There are all kinds of optimistic predictions about the price of BTC these days and the coin seems to be mirroring the amazing sentiment floating around the market.

Capital stored in Bitcoin broke a new ATH

Willy Woo just dropped a pretty important tweet on social media and you can check it out below.

Someone commented: “Realized Cap counts coins by the price at which they last moved. It naturally discounts lost coins and those that were never sold as they technically have no price paid for them. The relationship between Market Cap and Realized Cap is an indicator called MVRV Ratio.”

Another follower said: “With more selling pressure vs. buying pressure on the margins, especially with thin volume, absolute price can go down a lot while average purchase price drops just a bit.”

Bitcoin smashes a new important level

Bitcoin managed to break the $47k resistance level and it’s racing like crazy towards $50k.

PlanB shared a pretty relevant tweet and you can check it out below.

Anthony Pompliano also had something pretty relevant to say.

Check out his tweet below:

He also dropped the following tweet:

Stay tuned for more news.

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I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.