Bitcoin price 030924

3 months ago

Since May, as BTC has fallen from over 60k to where it is today, BTC dominance has RISEN.

May 11 2024 BTC was 50.59% of crypto according to this chart I watch, and I take screenshots and share them over time to help give us all some perspective not only of the current state of the chains but also the dynamic currency flows between them, at least in a general sense.

"This hour Bitcoin has fallen from a high of 61,069 down to 60,771.
Did you buy BTC during the past 3 months?
The 3 month Bitcoin high was $73,794 USD."

https://peakd.com/bitcoin/@darkflame/bitcoin-price-in-8-months

https://coinmarkets.today/

Today September 3rd 2024 I can see that BTC is now 53.97% of all crypto market capitalization. From 73,794 down to 57,916 lots of buying is taking place. Will BTC surf the 50s in September, or will this short lived dip precede a rapid rise in BTC price vs fiat currencies as M2 surges worldwide?

https://fred.stlouisfed.org/series/M2SL in July 2024= 21,054,400,000,000 [21 Trillion]

https://www.bitcoinmagazinepro.com/charts/global-liquidity/

21 Trillion US Dollars!

If the market cap of Bitcoin were $21 trillion, each Satoshi would be worth approximately $0.01.

https://bitcointicker.co/stamp/btc/usd/3Mth/

And BTC would be $1,000,000 per coin. 0.001 BTC would be worth $1000 USD !

The time is 12:01pm on Sept 3 2024

Latest Block: 859,725

"A total of 5,878.17 BTC ($339,172,927) were sent in the block with the average transaction being 1.9116 BTC ($110,300). AntPool earned a total reward of 3.13 BTC $180,602. The reward consisted of a base reward of 3.13 BTC $180,602 with an additional 0.0878 BTC ($5,066.10) reward paid as fees of the 3,075 transactions which were included in the block."
http://blockchain.com/explorer/blocks/btc/859725

I don't know for sure if BTC will ever reach 1m but within my lifetime it seems reasonable.