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Bitcoin (BTC) just did what it does best: breaking new ground. This time, the leading cryptocurrency leaped past $75,000, sending the entire crypto market into a frenzy. Fueled by a 7.2% spike seen this week, BTC’s value hit an All-Time High (ATH). This new milestone pushed the digital asset’s market capitalization to a staggering $1.45 trillion.
The Market’s Ripple Effect – Altcoins Go Parabolic
The wave of excitement swept across the industry as experts and investors alike reacted to the news, each speculating on how high Bitcoin could go. Amid the flurry of reactions, the most iconic message came from Changpeng Zhao (CZ), the former CEO of Binance.
In an X post, CZ made a simple tweet; capturing the sentiment of a thrilling day for the crypto market. As Bitcoin’s ascent sent shockwaves through the ecosystem, altcoins seized the moment to join the party.
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In a matter of hours, decentralized finance (DeFi) tokens like Uniswap’s UNI and Aave (AAVE) saw double-digit jumps. This is a nod to Bitcoin’s gravitational pull on the market. The TOTAL index, which measures crypto’s combined worth, surged, reminding investors of the vast potential in alternative assets.
The crypto market’s total capitalization surged to an impressive $2.457 trillion, reaching its highest point since June. This rise felt like more than just a “good morning” for the market, it was a true revival. Assets across the board saw renewed energy, following Bitcoin’s fresh peak and signaling a renewed bullish momentum.
CZ’s Cryptic Greeting and Bold Prediction for 2025
CZ’s subtle “gm” on social media hinted at much more: to him, this was just the start. Fresh off a high-profile legal hurdle, CZ returned to the spotlight at Binance Blockchain Week, presenting his perspective on the crypto cycle.
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CZ explained how, in his view, the market often moves in predictable four-year cycles. He traced this theory through past bull runs in 2013, 2017, and 2021, noting that each followed a year of recovery and building momentum. According to this pattern, 2025 could mark another big cycle. Although CZ kept his prediction on Bitcoin open-ended, he emphasized his long-term bullish stance on the asset.
Dawn of a New Cycle? Crypto Eyes the Next Big Move
Bitcoin’s surge to $75,000 could be a defining moment for digital assets, signaling the start of a fresh, optimistic phase in crypto. This achievement is not just about the price increase; it reflects a renewed wave of confidence and enthusiasm among investors. However, the Bitcoin Exchange Traded Funds (ETFs) is yet to catch the fervor. But itf CZ’s four-year cycle holds, Bitcoin’s recent momentum could mark the early stages of a journey toward unprecedented highs.
