🔥The mystery of $120,000: Why does Bitcoin keep rising? 🚀
The price of #bitcoin had a bullish opening on Monday, September 11, reaching a maximum price of $122,400 on various centralized exchanges, before pulling back to levels of $120,000. What’s the reason? There is a combination of factors that have created a positive growth outlook for investors.
Bitcoin once again surprised to the upside, after having fallen in the first days of August to levels of $112,000 at its lowest point this month. One of the reasons was the #etf of Bitcoin increasing positive inflows, as more public companies want to get exposure to Bitcoin.
Another recent movement that boosted the recent optimism of investors is the outlook on a possible interest rate cut in September, which makes risk assets like Bitcoin potentially benefit. Lastly, it is worth mentioning that the recent nomination of Stephen Miran to the Federal Reserve (#Fed ) generates a positive attitude for the crypto market.
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