The post Bitcoin News: Apple, Tesla Doubling BTC Reserves as Bitcoin Price Rockets, Says Khurram Shroff appeared on BitcoinEthereumNews.com.

Bitcoin price recently soared to an all-time high of $106.5K. This Bitcoin news was a huge milestone for the 16+ year-old asset. Starting October 10th, 2024, the surge continued to grow, skyrocketing Bitcoin’s price up by roughly 77% in the following 9 weeks. 🥳 Bitcoin has climbed to $106.5K for the first time in its 16+ year history. Since the bull rally began back on October 10th, there has been a net increase of 1,582 more wallets that hold at least 100 BTC, a jump of +9.9% more wallets in the relatively short period of time! pic.twitter.com/261LfRd776 — Santiment (@santimentfeed) December 16, 2024 This rise coincided with growing institutional interest in Bitcoin price as an asset, as the number of these wallets grew by 1,582, from 16,062 to 17,644. Bitcoin News: Using Retail Mania and Smart DCA Strategy to Navigate Bull Market While Bitcoin’s astronomical price has been grabbing headlines in Bitcoin news. On-Chain College points out that retail investor engagement in Bitcoin is low. When analyzing Bitcoin’s young supply, which accounts for coins had their last activity within the past six months, we see that there has been subdued activity from newer investors. Yet, young supply spikes closely correlate with retail mania-fueled price surges in the past. – Advertisement – It also meant that if retail investors continue to enter the market more actively, Bitcoin at that stage may again see increased volatility and even higher price increases and may start another rally. Axel Adler Jr.’s Smart DCA (Dollar-Cost Averaging) noted a systematic way of buying Bitcoin on dips. The idea was buying Bitcoin when it was below the 1-week to 1-month realized price thus profitability. This provides take advantage of Bitcoin’s growth while also having reduced exposure to the volatility with analyst supporting this move. Khurram Shroff on…

---

Filed under: News - @ December 18, 2024 12:30 pm