🚨🚨🚨🚨 📈📊 Bitcoin's rise is supported by macroeconomic shifts and regulatory backing
Bitcoin has risen by more than 11% this month, largely driven by optimism regarding the easing of trade tensions between the world's two largest economies.
Several other factors have also contributed to this increase. Low inflation data from the United States last week boosted expectations for interest rate cuts by the Federal Reserve this year, but investors remain cautious about a potential resurgence of inflation due to tariffs.
Typically, lower inflation and the possibility of interest rate cuts weaken the US dollar, making alternative assets like Bitcoin more attractive.
Institutional investments have also played a significant role; for example, Strategy Inc recently purchased 13,390 Bitcoins worth $1.34 billion, highlighting the growing interest of companies in Bitcoin as a strategic asset.
Major exchanges are also expanding their offerings of cryptocurrencies. Coinbase became the first player in the digital asset space to join the S&P 500.
