According to Mitrade, Bitcoin has recently surged above $87,000 after staying within the $82K to $85K range for several days.
This breakout happens as global tensions impact financial markets. Investors are closely watching Bitcoin’s movements for signs of what might happen in the broader market, especially with the ongoing trade dispute between the U.S. and China.
Many Bitcoin supporters believe this rise could start a larger rally. After a period of slow price action, the market could pick up if Bitcoin continues to break through important resistance levels. However, market volatility is still high, and traders are waiting for confirmation that this move will hold.
Bitcoin’s realized capitalization hits an all-time high
New data shows that Bitcoin’s Realized Capitalization reached a record high of $872.2 billion on April 14, 2025. This number reflects the total value of all Bitcoin based on the price it was last traded at. The increase shows that more people are confident in Bitcoin and holding onto it long-term.
This rise in Realized Capitalization means that more investors are buying Bitcoin and keeping it instead of selling. If the price keeps going up, it could indicate Bitcoin has room for more growth.
Bitcoin is testing some key price levels, especially around $88,000. To maintain the positive trend, it needs to break above $90,000. However, with global issues still affecting the market, it’s uncertain if Bitcoin will reach these levels. Investors are closely watching the market to see what happens next.
