Bitcoin
Bitcoin (BTC)
$84,556.00 -0.15981
Bitcoin price
Ethereum
Ethereum (ETH)
$1,592.72 0.64195
Ethereum price
BNB
BNB (BNB)
$592.86 0.54532
BNB price
Solana
Solana (SOL)
$134.07 1.08119
Solana price
XRP
XRP (XRP)
$2.08 0.89606
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000123 4.09133
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000073 0.33062
Pepe price
Bonk
Bonk (BONK)
$0.000012 2.58266
Bonk price
dogwifhat
dogwifhat (WIF)
$0.398543 4.46646
dogwifhat price
Popcat
Popcat (POPCAT)
$0.237328 -6.48257
Popcat price
Bitcoin
Bitcoin (BTC)
$84,556.00 -0.15981
Bitcoin price
Ethereum
Ethereum (ETH)
$1,592.72 0.64195
Ethereum price
BNB
BNB (BNB)
$592.86 0.54532
BNB price
Solana
Solana (SOL)
$134.07 1.08119
Solana price
XRP
XRP (XRP)
$2.08 0.89606
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000123 4.09133
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000073 0.33062
Pepe price
Bonk
Bonk (BONK)
$0.000012 2.58266
Bonk price
dogwifhat
dogwifhat (WIF)
$0.398543 4.46646
dogwifhat price
Popcat
Popcat (POPCAT)
$0.237328 -6.48257
Popcat price
Bitcoin
Bitcoin (BTC)
$84,556.00 -0.15981
Bitcoin price
Ethereum
Ethereum (ETH)
$1,592.72 0.64195
Ethereum price
BNB
BNB (BNB)
$592.86 0.54532
BNB price
Solana
Solana (SOL)
$134.07 1.08119
Solana price
XRP
XRP (XRP)
$2.08 0.89606
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000123 4.09133
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000073 0.33062
Pepe price
Bonk
Bonk (BONK)
$0.000012 2.58266
Bonk price
dogwifhat
dogwifhat (WIF)
$0.398543 4.46646
dogwifhat price
Popcat
Popcat (POPCAT)
$0.237328 -6.48257
Popcat price
Bitcoin
Bitcoin (BTC)
$84,556.00 -0.15981
Bitcoin price
Ethereum
Ethereum (ETH)
$1,592.72 0.64195
Ethereum price
BNB
BNB (BNB)
$592.86 0.54532
BNB price
Solana
Solana (SOL)
$134.07 1.08119
Solana price
XRP
XRP (XRP)
$2.08 0.89606
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000123 4.09133
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000073 0.33062
Pepe price
Bonk
Bonk (BONK)
$0.000012 2.58266
Bonk price
dogwifhat
dogwifhat (WIF)
$0.398543 4.46646
dogwifhat price
Popcat
Popcat (POPCAT)
$0.237328 -6.48257
Popcat price

Bitcoin mirrors 2020 bull phase, CryptoQuant CEO says

Dorian Batycka
Edited by
News
Bitcoin mirrors 2020 bull phase, CryptoQuant CEO says

CryptoQuant CEO Ki Young Ju says Bitcoin’s current rally appears to be supported by months of accumulation by whales.

Bitcoin’s (BTC) ongoing rally toward the $100,000 mark mirrors the price surge seen in 2020, when the cryptocurrency’s value surged sixfold to reach $67,000, CryptoQuant CEO Ki Young Ju said in a recent X thread.

https://twitter.com/ki_young_ju/status/1859457863447703811

Ju emphasized that previous on-chain data signaling Bitcoin accumulation by whales over several months has proven accurate, despite initial doubts about the data’s credibility. “Many criticized the data as exaggerated,” Ju admitted, “but now the reason for the accumulation seems to be becoming pretty clear.”

https://twitter.com/ki_young_ju/status/1859457867633565799

The CryptoQuant CEO also pointed to the doubling of crypto mining costs following the April halving, which reduced mining rewards from 6.25 BTC to 3.125 BTC. He noted that Bitcoin’s price “needs to go up to maintain mining profitability.” On the potential for further price increases, Ju suggested that “many traders are shorting, fueling the bull market with a short squeeze,” though the exact timing of any price explosion remains uncertain.

Reflecting on past comments about Bitcoin’s price peak, Ju acknowledged that his predictions “didn’t age well” when he previously called for a short-term correction “in the middle of the bull market.” Nonetheless, he reaffirmed his commitment to “speak up” if a bear market “seems to be confirmed.” As of press time, Bitcoin is trading at $97,444, up 160% since the start of the year.