After marking a new historical record above the US $ 112,000, the Bitcoin moderates its advance in tariff tensions and monetary expectations. Meanwhile, the Altcoins lead the market rises, with increases of up to 9% driven by the renewed investment optimism.
He Bitcoin on Wednesday reached a new historical maximum of US $ 112.052, exceeding the previous peak of May 22 (US $ 111,999), promoted by a strong institutional demand and the growing interest of the great funds. However, after that jump, the most operated cryptocurrency in the world moderates its advance: This Thursday goes up 1.43% and quote around US $110,000according to Binance, amid renewed tariff tensions in the United States that cooled investment enthusiasm.
Bitcoin’s new maximum infected the rest of the market: several Altcoins They show strong advances this Thursday. The one that stands out the most is Suiwith a higher rise in 9%followed by Stellar (7.6%), Hedera (6.2%) and Avalanche (5.7%).
According to the 10X Research firm analysis, the Bitcoin rally is due to a “Unusual confluence of forces”including the greatest flows to ETF crypto, changes in monetary policy and growing political pressure. “The rupture of trend that occurred on June 29 marked a turning point, not only for Bitcoin, but also for Ethereum, Ripple and Solana,” they explained, suggesting a broader bullish change in the market. In the short term, the next event to follow is Option expiration of July 25.
From Hargreaves Lansdownanalyst Matt Britzman indicated that Bitcoin is consolidating as an asset difficult to ignore. “With a market capitalization that represents approximately 60% of an estimated crypto market for US $ 3.4 billion, its weight is increasingly relevant to capital assigners,” he said.
On the other hand, investors also process the Federal Reserve Minutes Extended this Wednesday, which reinforced the expectation of a possible Rate cut before the end of the yearafter the president of the agency, Jerome Powell, opened that door in recent statements.
To this is added the expectation for the call “Cryptocurrency Week”which begins on July 14 at the US Congress and could define the regulatory future of the sector. There will be three key projects: the Clarity Lawthe Anti-CBDC law and the Genius lawwith the aim of establishing clear rules on digital infrastructure and privacy protection.
Source: Ambito
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