Some very postive news sentiment out there about the BTC ATH....
So it was nice (obvs) to see a BTC ATH today, and it's stuck for almost 24 hours ATW...
I've been selling a little into this, lord knows I've waited long enough, much of that bought at half these current prices, and one doesn't stare a 100% profit in the face and not take something out...
As usual with these ATHs I got to wondering what the news sentiment is like, so I checked out a few articles (NB the links these may now have new content, news cycle and all...)...
All I've done below is try to provide a BRIEF summary of the above four main articles covering the main reason for the ATH and the general sentiment of the article...
CNBC – "Bitcoin surges to new record high, eclipsing previous January high"
https://www.cnbc.com/2025/05/21/crypto-market-today.html
- Main Reason for BTC Rise: Overall market momentum and strong investor demand.
- Sentiment: Excited and optimistic; announces a milestone as Bitcoin crosses its previous record high.
Crypto News – "Bitcoin hits new all-time high over $111K as macro tailwinds fuel safe-haven demand"
Main Reason for BTC Rise: Macro-economic reasons like inflation fears - BTC increasingly seen as a safe haven asset against global economic uncertainty.
sentiment: Bullish, highlighting Bitcoin's increasing macroeconomic role as an inflation hedge. .
Sky News – "Bitcoin hits new high as investor appeal widens"
- Main Reason for BTC Surge: Growing mainstream and institutional investor interest.
- Sentiment: Good and supportive of the fact that Bitcoin is gaining more legitimacy and popularity on a broader level.
Cointelegraph – "Bitcoin hits new highs without 'unhealthy' leverage use — Will the rally be sustained?"
- Main Reason for BTC Rally: organic buying pressure rather than over-leverage. Suggests more sustainable rally than in past highs.
- Sentiment: Cautiously optimistic; acknowledges rally strength but wonders how long it can be maintained.
Overall Summary from our news sources...
The main drivers of the BTC ATH are...
Macro tailwinds and inflation fears.
Increased investor interest (institutional and retail).
Perception of Bitcoin as a safe-haven asset.
Good market structure with low leverage.
General Sentiment: Universally positive, with guarded optimism. Most sources view the rally as stronger and possibly more durable than others, owing to broader investor confidence and the wider economic situation being more stable than in recent weeks...
Final thoughts...
It's amazing how analysis can turn so positive in such a short space of time, I'm still sceptical, time for me to gradually sell into this!
But obvs only small amounts at this time!
Posted Using INLEO
Congrats to everyone who stayed patient
Seeing BTC hit a new ATH and actually hold it for a whole day that was hard to imagine just a few months ago 👏🔥
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HIVE should follow up this hike!
Shame hive drags its feet