The Bitcoin course pierced ATH and registered new ones. Ether still remains a step away from breaking his record four years ago.
The Bitcoin course has registered on the new ATH chart at around USD 124,500. The previous one was not much lower.
Ether still stays in a zone above USD 3,700, but below ATH four years ago. At night, $ 3,800 was almost broken.
We also see huge flows on the ETF market. Yesterday, purchasing and sales balance amounted to over USD 700 million! On Monday it was just over a billion USD, and on Tuesday – over USD 500 million.
Everything takes place when the market begins to value a return to the percent of the foot. – Fed Watch Tool’s “valuation” shows that by the end of the year there will be reductions with a total value of 75 PB, which will be very good for risky assets.
In addition, Donald Trump’s conversations with Vladimir Putin in Alaska regarding the situation in Ukraine start tomorrow. Investors probably assume that since a direct meeting of both presidents has been agreed on the spot, something great will be agreed – peace in Eastern Europe (let’s skip that it will not last long).
Vugar USi ZADE, COO in Bitget, summed up what is taking place on the market for Bitcoin.pl:
Exceeding the cryptocurrency market of USD 4.1 trillion, while establishing a new ATH by Bitcoin and an increase in Ethereum above USD 4,700, reflects the dynamics only possible when institutional capital, conducive to macroeconomic factors and clear regulations operate jointly. Record inflows to ETFs, regulatory changes-such as the Genius Act-and structural shifts, including inclusion of cryptocurrencies in retirement plans 401 (K) and expected interest rates in the US, can maintain this upward trend. All this creates a demand that differs from the one from previous cycles – this is not only a wave of speculative enthusiasm, but the foundation for the integration of cryptocurrencies with the main current of investment portfolios.
At the same time, such a rapid increase in prices raises concerns about excessive speculation, which in the event of a change in macroeconomic conditions or increased implementation of profits can lead to increased variability. Today, the challenge for investors is to participate in the bull market, maintaining the awareness of how quickly the situation can reverse.
Bitcoin’s breaking above USD 124,000 is particularly significant – it is a technical force show that strengthens its position of the market foundation, even when capital begins to flow towards Ethereum and selected Altcoins. Whether this is the beginning of the bull -core market or the peak before the consolidation period depends on how the market can cope with its own dynamics. Regardless of the script, foundations – growing institutional adoption, transparent regulations and maturing infrastructure – indicate that cryptocurrencies have ceased to strive for legitimacy and begin to fully possess it.
