Bitcoin’s Steady Climb Amidst Market Volatility

Bitcoin continues its upward trajectory, although the price remains relatively stable after hitting an all-time high. Despite fluctuations, market activity is robust, evidenced by surging transaction volumes on exchanges and derivatives markets. On-chain data provider Glassnode highlights that this increase in volume reflects sustained bullish momentum. Investors are drawn to the market due to increased institutional participation, while a limited inclination for profit-taking suggests potential for sustained growth. Analysts suggest that if current momentum holds, the $120,000 threshold could be a significant turning point.