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Btc
111.215,39 USD
climbed to $ 111,000 on May 22.which indicates a new turning point even while the US stock exchanges slid.
One key reason is a growing belief that bitcoin can act as a safe alternative When traditional currencies or markets seem trembling. Moody’s recent decrease in the debt of the US government added these problems, which encouraged some investors to look for other places to put their money.
On top of that, calmer trade relations Between the United States -ai China They created a better environment for digital property like bitcoin.
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The lower numbers of inflation in the United States have also helped. With less fear of aggressive interest rates, investors have shown more interest for shares and cryptocurrency currencies.
Bitcoin’s A strong performance is not just in the news cycle. His technical indicators also support the price increase. After breaking $ 109,000, several levels of key resistance have passed. The index of fear and greed shows that investors are safebut not too much. RSI is close to 70which suggests a healthy purchase of interest.
James butterfly of Coinshares said CNBC that rise of bitcoin was “Guided by a mixture of positive momentum, growing optimism around US crypto regulation and continuous interest of institutional customers‘
According to a Report from ForbesAustin King, co -founder of Omni Network, pointed to three main forces launched by the rally of bitcoin.
First, the demand of funds based in the United States (ETFS) with headquarters in the United States was high, and the influx of only three billion dollars in May. Second, new laws like Bipartisan Stablecoin account In Senate and Texas, the idea of the Bitcoin State Reserve make investors feel more secure in the long-term stakes. Third, inflationary inflation is underway to drive daily and institutional customers to view Bitcoin as a hedge.
Saifedean Ammous, author Bitcoin standardHe recently joined a discussion of how to deal with an unwanted division on Bitcoin network. What did he say? Read the whole story.
After a master’s degree in economics, politics and culture of the East Asia region, Aaron wrote scientific papers by analyzing the differences between Western and collective forms of capitalism in the Era after World War II.
Considering the decade of experience in Fintech industry, Aaron understands all the biggest questions and struggles that cryptocurrency lovers face. He is an avid analyst who deals with the content based on data and facts, as well as the one who speaks to the web3 natives and the newcomer in the industry.
Aaron is a person for everyone and for all related to digital currencies. With a huge passion for Blockchain & Web3 education, Aaron tries to transform the space the way we know it and make it more affordable to complete beginners.
Aaron quoted more established outlets and was the author himself. Even during her free time, she enjoys exploring market trends and looking for the next Supernova.
