#BTC110KToday?
🤯 HISTORICAL RECORD! 🚀 Bitcoin reaches $109,000 after calm in the trade war!🤑🎉
📢 #bitcoin has just made history again! 💥 The reigning cryptocurrency marked a new all-time high of $109,400 on May 21, just nine days after the United States and China reached a 90-day trade agreement! 🤝 This temporary truce in the tariff war has alleviated macroeconomic fears and skyrocketed investor confidence, causing $BTC to rise more than 26% in the last month! 🚀📈 Aurelie Barthere, an analyst at Nansen, explains that the suspension of tariffs and the more cooperative tone between the U.S. and China have removed the risk of a "sudden escalation," which has had a huge impact on risk appetite among both traditional investors and the crypto world! 💪 Let's remember that Bitcoin had fallen to annual lows in April after Trump announced reciprocal tariffs. But things changed on April 9, when "Trump's Liberation Day" marked the end of uncertainty, according to Michaël van de Poppe! 🕊️
Jag Kooner, from Bitfinex, notes that #BTC entered May with an "almost flawless setup," catalyzed by geopolitical de-escalation (with ceasefire talks between Russia and Ukraine), a better regulatory outlook, and macroeconomic tailwinds! ⛵ Instead of a capital flight from Bitcoin when fear decreases, we are seeing a risk rotation towards BTC and high beta technology! 🔄 Kooner believes that if funding rates remain neutral and open interest stable, we could see a Bitcoin rally towards $114,000 - $120,000, catalyzed by any "macro or regulatory spark"! 🔥💰
🤔 Do you think this new all-time high for Bitcoin is the start of a sustained bull run thanks to the calm in trade tensions?
