The cryptocurrency market is experiencing growth, driven by improving global economic conditions and policy shifts between the US and China.
Bitcoin's price is up by 1.7% to $106,574, with a 24-hour high of $107,844, positioning it 2% below its all-time high of $109,000.
Bitcoin's realized capitalization has surged by over $3 billion in a day, indicating increased capital inflows and a pattern of accumulation and consolidation.
Analysts suggest that the current behavior of realized capitalization aligns with previous bullish cycles, hinting at potential further price increases and a broad accumulation structure for Bitcoin.