The price of Bitcoin reached a new all-time high of $76,460.15, but data from CryptoQuant suggests that it is not overvalued. The MVRV ratio indicates that Bitcoin is still far from peak levels and in the active price discovery phase, hinting at further potential growth. While 99% of traders are currently in profit, the price is close to investors' purchase costs, indicating it is not overheated. Technical indicators suggest the possibility of another rally, although the growth may not follow a linear trend. The price of Bitcoin at the time of writing was $75,098.68, with a 2.67% increase in the past 24 hours. Altcoins, such as Ethereum and Dogecoin, also experienced significant growth following Bitcoin's rally.



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