The price faced downward pressure recently, with
The Contribution of Macroeconomic Factors to Conflicts
The leading cryptocurrency. However, the price of Bitcoin remained
, flexible due to the continuous growth of investment funds
traded (ETFs).
These funds have proven crucial in supporting the price
Bitcoin, providing optimism for a potential breakout
In the coming months.
Bitcoin exchange-traded funds show
The true outlook of investors despite the general sentiment of pessimism in the market saw Bitcoin exchange-traded funds continuous inflows.
Over the past few months, these have seen
Funds have only three instances of outflows
Even amidst challenges like the conflict between Israel
And Iran in July, Bitcoin exchange-traded funds saw
Flows worth 4.5 billion dollars, driving the flows
Cumulative to 48.95 billion dollars this shows that institutional investors still see Bitcoin exchange-traded funds as an attractive option. However, speaking to BeinCrypto, stated, the co-founder of ICB, Labs that Bitcoin has not completely separated from the stock markets yet.
"There is still room to further separate it from the market
Stocks work instant investment funds to link
Bitcoin Wall Street but in moments avoid
Risks, such as escalation between Israel and Iran, remain
Cryptocurrencies are linked to the S&P index translation
Separation is not dead, just expect it to be incidental,
And not always, Mete noted.
The economic momentum of Bitcoin is supported by the safe haven
Its safe range which lies between 100,000 and 103,000
Dollars. Recent data from IOMAP shows that between
100,668 and 103,876, investors bought a large amount
of Bitcoin approximately 574,170 BTC valued at over
61.41 billion dollars.
However, investor sentiment remains mixed, as many smaller investors feel uncertain about the next move for $BTC we may see new lows resulting in new reversals and peaks exceeding a price of $110,000.
