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Bitcoin On Wednesday, he rose to a new maximum, beating his January entry.
According to Coin Metrics, the price of the flagship cryptocurrency was 2% at 108 955.10. Previously, it rose to $ 109,857.
At one point Bitcoin Erased Revenue After Treasury gives spikes and stocks fell to session lows.
“The new maximum Bitcoin has been invented by an array of favorable ingredients in macro-Kazan, namely, a softer amount of inflation in the United States, de-escalation in the US and China trade war and lowering the sovereign debt that has put the spotlights on alternative shops like Bitcoin,” said Antoni-Trenev.
Bitcoin got into a new record on Wednesday
“We entered the alternative universe, very different from the beginning of April, when the world macro -problems were at the peak, and Bitcoin fell to $ 74,000,” he added. “Perhaps a three -month window opened to risk assets to flourish as a broader agreement between the US and China.”
After a few weeks, in the midst of uncertainty associated with the tariff, Bitcoin rises steadily in May, which is 15% per month. The total tributary to the exchange funds that track the price of bitcoin exceeded $ 40 billion last week and saw only two days of outflow in May, reports Falcon. Cryptocurrency has taken advantage of the stock market, which provides a risk -stimulus and recent risk scenarios related to tariffs and deficits in the US that caused gold and alternative assets such as bitcoin.
Data on the chain also indicate less pressure on the sale indicated by Bitcoin tributary in exchange and increase liquidity in the cry-market, measured new USDTThe crypto liquidity sensor is sitting on the exchanges, Cryptoquant reports.
Investors expected catalysts, including regulatory updates, as well as corporate treasury investments, to raise bitcoin prices. Since the beginning of the year, the number of Bitcoin, which is stored by state -owned companies, has increased by 31% to approximately $ 349, Bitcoin Corsheries reports. This consists of 15% of the total bitcoin volume.
Earlier this week Senate voted for promoting legislation This would create the first regulatory basis in the US for Stablecoins, the key sector of the cryo -market. President Donald Trump said he wanted to see the crypto -regulation on his desk and is ready to sign up until August before Congress went for a break.
Also this month Base joined the S&P 500 boasted as a turning point for the crypto -industry.