cryptd.in

암호화폐 친화적인 인재를 위한 대체 링크드인

Bitcoin Price Surge: Nears $100,000 Mark Post Breakthrough Of 10-Week High

-

by

cryptd.in
in

The market’s largest cryptocurrency, Bitcoin (BTC), is once again nearing the $100,000 milestone, following a significant rally that has seen the cryptocurrency reach its highest price since late February. 

After experiencing downward pressure attributed to Donald Trump’s tariff policies, which triggered a sell-off across both the stock and digital asset markets, Bitcoin’s resurgence showcases a renewed bullish appetite among investors.

Bitcoin Rebounds With $3.2 Billion In ETF Inflows

To close the first quarter of the year, Bitcoin faced a steep decline, dropping as much as 30% toward $74,000 after hitting a record high of approximately $109,000 on January 20, coinciding with Trump’s second inauguration as President of the United States. 

However, the market has seen Bitcoin climb as much as 3.1% to reach a weekly high of $97,483, marking the highest level since February 21. The last time Bitcoin crossed the $100,000 threshold was on February 7. 

This upward movement comes amid a shift in market dynamics, particularly in the spot markets, where demand has increased. This suggests a transition towards momentum trading, rather than the previous trend driven primarily by macroeconomic factors such as inflation and tariffs.

Exchange-traded funds (ETFs) tracking Bitcoin and Ethereum (ETH) have attracted significant inflows, with over $3.2 billion entering the market last week alone. Notably, BlackRock’s Bitcoin Trust ETF (IBIT) recorded nearly $1.5 billion in inflows, marking its highest weekly intake for the year, according to 데이터 from Bloomberg.

ETH Eyes Recovery Toward $2,000

Demand for upside options has also surged in the market, with call options at the $100,000 strike price exhibiting the most open interest across various expiration dates, according to Coinglass and data from the largest crypto options exchange, Deribit.

“Market sentiment has broadly shifted in favor of momentum-based trades fueled by spot demand, as BTC breaches levels not seen since early February,” stated Chris Newhouse, director of research at Ergonia, a decentralized finance (DeFi) trading firm. 

“BTC continues to shift between correlations with gold and equities, highlighting a more nuanced relationship with macroeconomic factors balanced by short-term momentum and spot demand,” Newhouse further told Bloomberg.

Ethereum, on the other hand, has shown a steady recovery over the past week, reinforcing its status as a key player in the decentralized finance sector and smart contract platforms, and regaining the foothold lost in the first quarter of the year.

Improvements from Ethereum’s scalability upgrades, including the transition to Ethereum 2.0, have boosted performance and made the platform more attractive to developers and users.

However, this has not translated into year-to-date gains for the second largest cryptocurrency compared to its peers, with losses of up to 36% over the period.

Despite this, the price of ETH has seen a 14% surge in the fourteen day time frame, regaining the $1,800 level as a key support to boost the potential for further recovery towards $2,000.

비트코인

Featured image from DALL-E, chart from TradingView.com

댓글

답글 남기기

이메일 주소는 공개되지 않습니다. 필수 필드는 *로 표시됩니다

최신 피드

인기 카테고리

ko_KR 한국어
ko_KR 한국어 en_US English ro_RO Română et Eesti ja 日本語 ru_RU Русский de_DE Deutsch es_ES Español zh_CN 简体中文 fr_FR Français zh_TW 繁體中文 pt_PT Português it_IT Italiano pl_PL Polski tr_TR Türkçe nl_NL Nederlands id_ID Bahasa Indonesia el Ελληνικά uk Українська bg_BG Български cs_CZ Čeština fi Suomi hu_HU Magyar lv Latviešu valoda lt_LT Lietuvių kalba nb_NO Norsk bokmål sk_SK Slovenčina sl_SI Slovenščina sv_SE Svenska

웹사이트 검색

인기 스토리

태그

#AlexeyPertsev (1) #BidenCryptoBan (1) #BidenElection (1) #BinanceVsCoinbase (1) #B비트코인 (458) #BitcoinETF (3) #B비트코인기초 (1) #B비트코인 취급 (1) #B비트코인가격 (5) #B비트코인가격수준 (1) #B비트코인펌프 (1) #B비트코인예치 (1) #B비트코인서지 (1) #BitcoinTop (1) #Bitfinex (1) #B비트 단위 (1) #브레이스브리지캐피털 (1) #BRC20토큰 (1) #BTC취득 (1) #B울리스틱 예측 (1) #BullishSentiment (1) #C중국광업 (1) #CPIP리뷰 (1) #CryptoAsset (2) #CryptoBattle (1) #CryptoBoom (1) #CryptoExpert (1) #CryptoInsights (1) #CryptoMania (1) #CryptoMarket (4) #CryptoPrediction (1) #CryptoPredictions (1) #CryptoRegulation (2) #CryptoTakeoff (1) #CryptoTiming (1) #CryptoTips (1) #CryptoTreasury (1) #CryptoUncertainty (1) #DerivativeJump (1) #Dogecoin (74) #DogecoinGains (1) #DogecoinVolume (1) #DutchCourt (2) #ECommerce (1) 1TP5테엘살바도르비트코인 (1) 1TP5테더리움 (74) 1TP5테더리움통증 (1) 1TP5테더리움가격 (1) 1TP5전문가 의견 (1) #FedRateCut (1) #FiatCurrency (1) #FinancialImpact (1) #FinancialPrivacy (1) #FirmShutdown (1) #FrozenAccounts (1) #IllicitFunds (1) #인플레이션데이터 (1) #투자 (1) #투자손실 (1) #일본기업 (1) #LegalAction (1) #LegalImpact (1) #법률 (1) #라이트닝 네트워크 (1) 1TP5시장분석 (3) 1TP5시장 모니터링 (1) 1TP5시장 예측 (1) 1TP5시장 예측 (1) #MarketProjection (1) 1TP5마켓지원 (1) 1TP5시장변동성 (1) #M결혼 (1) #MemeCoin (5) #MemeCoins (2) #M광부수익성 (1) #MoneyLaundering (2) #MtGox (4) 1TP5북한암호화 (1) 1TP5노보그라츠예측 (1) #P가격 마일스톤 (1) #P가격 예측 (2) #P가격 질문 (1) #PriceSurge (1) #P형량 (1) #QuantAnalysis (1) 1TP5규제압력 (1) #SEC안티크립토 (1) #ShibaInu (6) #SocialBuzz (1) 1TP5기술분석 (1) #Toncoin (3) #TornadoCash (3) #TornadoCashDev (1) 1TP5토네이도캐시개발자 (1) #UKCrypto (1) #업사이드 잠재력 (1) #USCongress (1) #와이오밍랜드 (1) #XRP가격 (1) #XRP업스윙 (1)

유용한 링크

유용하다고 생각되어 공유하고 싶은 링크.