TL;DR
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BTC just hit $57k, meaning we’re only a 25% move away from all-time-highs (violent pre-halving run ups like this are NOT common, historically).
Full Story
“Absolutely no respect.”
“Where’s the sense of tradition?”
“You’re going to upset a lot of people.”
These are all things muttered around our office (mostly to ourselves, or at our computer screens) — but all directed at Bitcoin’s price.
In the few hours since we made all of that hullaballoo, celebrating BTC’s price rounding the $54k mark for the first time since 2021 — the damn thing went and claimed $55k…
Then $56k…
Then $57k!
All the while, showing absolutely no respect for short sellers, who bet — and lost — $157M wagering that the price would go down.
Now, here’s the kicker:
The Bitcoin halving is still more than a month away, and we’re only a 25% move away from all-time-highs — moves which aren’t uncommon in crypto.
(Hell, Bitcoin climbed 10% the past 7 days alone).
What is uncommon in this situation, is seeing such a violent run up pre-halving (in the past, the price has had a habit of collapsing at this point).
Enjoy the ride, folks!
