A new revival for Bitcoin towards $100,000?
Buyers managed to regain control of the price at around $95,000. Following the buying reaction at the support level of $76,500, the price rose by 25%. It is now trading at $84,950,083,844 above the support level of $94,500 and around the upward moving averages.
There is a massive influx of capital into cryptocurrency investment products!
Operators are heavily betting on Bitcoin, Ethereum, and XRP.
In recent weeks, operators have been hesitant. In a sign of market uncertainty, last week's CoinShares report showed inflows of only $6 million into cryptocurrency investment products. The report written by James Butterfill - Head of Research at CoinShares - this week indicates huge inflows. In fact, inflows have reached nearly $3.5 billion.
These inflows are likely a result of a more conciliatory tone from Trump regarding tariffs. This may also be a reaction to the weakness of the dollar.
Buy and trade currencies from here:
$59,241,579,440 $14,340,572,606
$80,719,273,364
$56,963,294,129
$83,551,774,262
$66,486,694,550
$19,602,188,962
Buyers managed to regain control of the price at around $95,000. Following the buying reaction at the support level of $76,500, the price rose by 25%. It is now trading at $84,950,083,844 above the support level of $94,500 and around the upward moving averages.
There is a massive influx of capital into cryptocurrency investment products!
Operators are heavily betting on Bitcoin, Ethereum, and XRP.
In recent weeks, operators have been hesitant. In a sign of market uncertainty, last week's CoinShares report showed inflows of only $6 million into cryptocurrency investment products. The report written by James Butterfill - Head of Research at CoinShares - this week indicates huge inflows. In fact, inflows have reached nearly $3.5 billion.
These inflows are likely a result of a more conciliatory tone from Trump regarding tariffs. This may also be a reaction to the weakness of the dollar.
Buy and trade currencies from here:
$59,241,579,440 $14,340,572,606
$80,719,273,364
$56,963,294,129
$83,551,774,262
$66,486,694,550
$19,602,188,962
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
95,046.45
+0.70%
ETH
1,805.5
+0.59%
