أضاف سوق العملات المشفرة 0.7% فقط في 24 ساعة، ولكن 5% مهمة في سبعة أيام لتصل إلى 3.5 تريليون دولار. هذه الزيادة مهمة لأنها تقع في منطقة القمم السوقية التي تم الوصول إليها في ديسمبر ويناير.
قفز مؤشر المعنويات إلى 78، وهو المستوى الذي تم رؤيته آخر مرة في يناير، مما يؤكد حالة مشابهة لما شهدناه في وقت سابق من العام
*Weekly Bitcoin Forecast: Bitcoin enters a full price discovery phase after seven consecutive weeks of gains*. The price of Bitcoin stabilized around $111,000 on Friday after reaching an all-time high of $111,900 this week. Institutional accumulation, institutional demand, signs of regulatory easing, and financial troubles in the United States have fueled the rise in Bitcoin's price. Investors continue to prefer holding Bitcoin or investing in it rather than shifting to alternative currencies, indicating the potential for further increases in Bitcoin.
Rise of Meme Coins, Recording Double-Digit Gains in 24 Hours
Meme coins, including Fartcoin, have explored higher levels alongside Bitcoin as sentiment improved in the cryptocurrency market. Fartcoin is trading at $1.56, up over 10% for the day. The coin is testing short-term resistance at around $1.60
Bitcoin continues to see institutional demand supporting the rise in Bitcoin's price. According to SoSoValue data, spot Bitcoin exchange-traded funds in the United States recorded an inflow of $608.99 million on Wednesday, continuing a six-day inflow streak since May 14. Bitcoin's price should benefit if institutional inflows continue and intensify, bringing it closer to its next major barrier at $120,000.
The price of Bitcoin rises as on-chain metrics shine
CoinGlass data shows that the open interest in Bitcoin futures surpassed $80 billion on Thursday, the highest level ever, reflecting strong market engagement. The increasing open interest represents the entry of new or additional funds into the market and new buying, which may fuel the current rise in Bitcoin's price.
Bitcoin recorded its all-time high in the USDT market on Binance, with Tuesday's price exceeding $109,800.
Bitcoin (BTC) is making headlines as the largest cryptocurrency reaches its all-time high in the BTC/USDT and USD markets on Binance. At the time of writing this report, BTC is trading above $109,300.
Bitcoin Price Predictions: Fails to Reach a New All-Time High Despite Increasing Institutional Support and State Backing
The price of Bitcoin stabilized around $105,200 on Tuesday, just 4% away from its all-time high of $109,588. JPMorgan CEO Jamie Dimon states that the bank will allow customers to purchase Bitcoin. The Texas House of Representatives is set to have a second reading of a bill that, if passed, will establish a Bitcoin reserve.
The US Dollar Index (DXY) tested again near the psychological support level of 100.00 amid rising US yields and new tensions regarding the health of the US economy. Next on the US agenda will be the usual MBA mortgage applications data, followed by the weekly report from the Energy Information Administration (EIA) on US crude oil inventories. Additionally, both Daly and Hamak and Brakins from the Federal Reserve are scheduled to speak.
The US dollar (USD) traded negatively, extending losses from Monday and visiting a multi-day low zone. In fact, renewed concerns about the US economy kept the currency under pressure on Tuesday, while new trade tensions also contributed to the negative mood.