If the current trend is maintained, in the coming months they could mark a turning point towards a definitive consolidation stage of cryptocurrencies.
He cryptocurrency market It crosses a moment of renewed enthusiasm. Bitcoin approaches again at US $94,000, a level that did not maintain consistently since the end of February. The recent rebound is promoted by record entries in funds quoted in the stock market (ETF), an improvement in the macroeconomic context and strategic decisions by large actors in the sector.
It happens that, Bitcoin ETF in cash in the United States registered net flows for more than US $ 912 million, the highest daily income in more than three months, according to Farside Investors. “ANDs a clear sign that the feeling of investors has improved significantly”, Said James Butterfill, Chief of Research of Coinshares. This wave of investments occurred after the former president Donald Trump adopt a conciliatory tone with respect to tariffs to Chinese products, which relieved global commercial tensions.
Technically, Bitcoin resumed a clearly bullish trend: it bounced strongly from its 50 -day mobile average, exceeded 200 days and broke a line of bearish resistance in force since January. Technical analysts already point to US $ 96,000 as the next objective, with the potential to challenge the historical maximums close to US $110,000.
The corporate news contributes
Corporate news has also contributed to optimism. Microstrategyone of the public companies with the highest exposure to BTC, bought another 6,556 bitcoins for US $ 555.8 million, raising its total possession to 538,200 BTC. The average acquisition cost is now located at US $ 67,766 per unit.
Outside of Bitcointhe crypto ecosystem also showed signs of dynamism. Upexi, a consumer goods firm, announced the adoption of Solana as a reserve asset, which caused a jump of more than 600% in the value of its shares. In parallel, Galaxy Digital, the investment firm led by Mike Novograph, exchanged $ 105 million in Ethereum for Solana in recent weeks, according to Lookonchain.
In the regulatory front, Paul Atkins formally assumed the presidency of the United Stock Exchange and Securities Commission (SEC)and promised to advance in the definition of a clear frame for digital assets. However, not all authorities see this boom with good eyes. According to politician, The European Central Bank expressed concern about a possible “financial contagion” in Europe derived from the growing American support for cryptocurrencies, particularly the stablecoins backed by the dollar.
With a weakened dollar – the DXY index has fallen about 9% so far this year – and an increasingly compromised institutional market, Bitcoin reinforces its appeal as a refuge and as a long -term strategic asset. The current impulse could mark the beginning of a new phase in its historic four -year cycle, with an eye on maximum to reach before it ends 2025.
Source: Ambito
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