Bitcoin closes the week with strong bullish dynamics, When staying above the US $ 100,000, A level that was not reached since February. The leading market cryptoc Binancepromoted by the new commercial agreement between the United States and the United Kingdom announced by Donald Trump.
The bilateral pact, which includes a 10% tariff and cuts in cars, was well received by the markets and coincided with a renewed impulse in the crypto sector.
The growing uncertainty about the direction of American commercial policy and doubts about the status of the dollar as an active refuge are taking many investors to look towards alternatives such as Bitcoin.
Bitcoin: New leader in portfolio realignment?
After a start of the year without impulse, Bitcoin recovered 40% from its April floor, with a 32% rise only in the last month, surpassing the S&P 500 and Nasdaq in 10 of the last 17 sessions. His renewed prominence occurs in a context of selective escape of American assets, in the midst of a growing geopolitical and economic uncertainty, said a report from BUENBIT.
“Unlike previous high correlation episodes with risk assets, Bitcoin shows a different dynamic. The 30 -day correlation with the S&P 500, although it bounced to 0.87 at the end of April, came to fall to 0.45, which suggests that investors are beginning to perceive it as a partial coverage against macroeconomic shocks of American origin,” they explained from BUENBIT.
Ethereum joins the rally: Salta almost 27% in the week
Ethereum also joined the rally and slaughtered the 2000 dollars, reaching $ 2,300, to accumulate an increase of almost 27% in the week.
“The threshold of $ 100,000 has a strong symbolic load for Bitcoin. It is a psychological barrier that has acted as resistance on previous occasions,” Simon Peters, Anoro analyst. Remember that in November 2024, reaching that level for the first time, the market reacted with strong sales that pushed the price at $ 90,000. “I do not rule out a short -term correction, although I estimate it would be transitory,” he adds.
In the longest term, Bitcoin status as a possible asset refuge could be consolidated if favorable conditions are maintained: greater global liquidity and a downward interest rates. “Historically, the price of Bitcoin has been closely correlated with the expansion of world liquidity,” says Peters.
For its part, Antoni Trechev, co -founder of the Exchange Nexo, points out that Bitcoin “has not only recovered the level of $ 100,000, but has also reaffirmed its resilience capacity just when the commercial perspectives of the United States improve.”
Trechev warns that the geopolitical context remains a risk factor: “Tensions between India and Pakistan show how any spark can affect the market. Bitcoin will continue to be tested in this uncertain and volatile scenario.”
Source: Ambito
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