Bitcoin Surpasses $100,000: Boosted by Expectations of Interest Rate Cuts and Institutional Money
The price of Bitcoin (BTC) has just made a strong breakthrough, surpassing the $103,000 mark, as investors reacted to a series of positive signals:
• 70% likelihood that the Fed will cut interest rates in July, according to CME FedWatch.
• Institutional money is returning, with nearly 30,000 BTC flowing into spot Bitcoin ETFs – the highest level since November 2023.
• The US-UK trade agreement, though symbolic, still contributes to positive sentiment for risk assets.
Ethereum also rose 20%, surpassing $2,200, while Solana and Cardano both increased over 10%. There are signs of money shifting from gold to crypto. However, experts warn that caution is needed if BTC does not maintain stability above the $100,000 mark.
Risk Warning: Investing in cryptocurrency always carries high risks. Users should carefully consider before participating in the market.
