On Wednesday, the price of Bitcoin (Bitcoin-BTC) managed to surpass its highest levels since March at $93,000, unleashing positive momentum across the crypto sector, as its price is now 14.68% away from its all-time high of $109,000 recorded last January. If this momentum continues to rise, breaking that barrier could unleash a wave of increases across the entire market.
Amid the rise of BTC towards the hundred thousand mark, a small-cap obscure coin is lurking for an investment opportunity to turn this momentum into massive profits for its early investors, as the BTC Bull (BTCBULL) coin has been developed to celebrate the key moments of Bitcoin's price rise, rewarding its holders with real Bitcoin every time the latter reaches a new milestone.
The BTCBULL coin has a low market cap and high returns, designed to keep pace with Bitcoin's price rise and enrich the gains of those speculating on its increase, and BTCBULL is currently available for $0.00248 just two days before the price rise signals the start of the next subscription phase.
Bitcoin's price reaching $90,000, has the bull run begun?
The price of Bitcoin has returned to break the $90,000 level after dropping below $74,000 just two weeks ago; in a resurgence that has rekindled hope among optimists for a return to the bustling market as it was last year.
The recent rise in Bitcoin's price seems to have resulted from a combination of incoming institutional investments and the liquidation of short-selling positions, along with pivotal shifts affecting the macroeconomy. On Monday, Bitcoin spot ETFs in the U.S. saw inflows exceeding $380 million, the highest daily level since January 30. Among the most notable investors was Ark Invest with $116 million, followed by Fidelity with $87 million, and BlackRock with $41 million.
The positive momentum was not limited to the crypto sector; high-risk assets also witnessed a collective rebound despite ongoing criticisms from U.S. President Donald Trump towards Federal Reserve Chairman Jerome Powell, which negatively impacted market sentiment and contributed to pushing gold prices to an unprecedented level above $3,500. Despite political tensions, stock markets observed a notable recovery; the S&P 500, Dow Jones, and Nasdaq indices rose by about 1%, supported by rising corporate profits and declining yields on U.S. Treasury bonds.
In light of this recent momentum, bulls are questioning the sustainability of this performance, as only 78 days remain until the temporary halt of Trump's trade policy ends. Will the markets return to instability once this deadline passes? There is a good reason to remain optimistic, as continued pressure from Trump on Powell may lead the Federal Reserve back towards a monetary easing policy (injecting liquidity), especially if economic growth slows and inflation continues to decline.
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