AlfathS
@alfaths
198 Following
36 Followers
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Bitcoin has reached a monumental milestone, surpassing Google to become the fifth largest global asset by market capitalization. As of May 5, 2025, Bitcoin’s market cap has soared, driven by a $260 billion surge in the broader crypto market. Posts on X highlight this achievement, with Bitcoin’s price hovering around $94,598, fueled by strong institutional inflows and growing investor confidence. Analysts are eyeing $94,600 as the next breakout level, with some predicting a potential climb to $124,000 by year-end. The approval of Bitcoin ETFs in 2024 and MicroStrategy’s aggressive acquisition of 553,555 BTC at an average price of $68,459 have further solidified Bitcoin’s dominance, which now stands at 59.1% of the crypto market. However, concerns linger over its energy-intensive Proof-of-Work mechanism, which continues to draw environmental criticism. Despite these challenges, Bitcoin’s resilience and institutional backing make it a focal point for investors in 2025. 0 reply
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