The Bitcoin recaptured the $ 100,000 on Thursday and will again be again over the psychologically important brand since the beginning of February. The distance to the record high from mid -January has shrunk to less than ten percent. The shareholder explains what is currently causing tailwind.
The jump back over the 100,000 mark on Thursday evening marks the preliminary climax of a remarkable recreation rally, which the Bitcoin has conjured up on the spa in the past few weeks. Since the course on April 7 at $ 74,560 has fallen to the lowest level since November, it has fought again by more than 30 percent.
With the outbreak of the psychologically important brand, the all -time high of January 20th at $ 109,115 is again within reach. At the current level of around $ 100,600, the distance is no longer nine percent. A new high would be the ultimate purchase signal and the starting signal for a continuation of the record hunt.
A significantly brightened macro environment ensures support. As expected, the US Federal Reserve Fed left the key interest rate unchanged on Wednesday evening. According to the most recent statements by central bank chief Jerome Powell, market observers continue to expect interest rate cuts of a total of 100 basis points by the end of the year. Risker asset classes such as cryptocurrencies are considered profiteers of low interest rates.
In addition, possible solutions in the customs dispute between the USA and the rest of the world ensure confidence on the market. The government of US President Trump has on Thursday First major trade agreement with Great Britain Reported and announced that “many other deals” should follow. This arouses hopes that the tariffs imposed by the USA were only warning shots and that a global trade war can still be averted.
The improved market atmosphere has again attracted a growing demand for the Bitcoin Spot ETFs in the USA. Since the beginning of May, according to Farside Investors, the products have again recorded net inflows of $ 1.58 billion. The lion's share once again only fell on the Ishares Bitcoin Trust (IBIT) from Blackrock.
The greed is back
With the increasing courses in Bitcoin and many old coins, the mood among the market participants has also brightened up again. The Fear & Greed Index for the Kryptomarkt rose to 65 points on Thursday and is now signaling “greed” again.
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This corresponds to a significant improvement compared to the previous month when the mood barometer sometimes signaled “extreme fear”. There can be no question of exuberant euphoria as in November, when the index was shot up to 94 points.
Bitcoin fans should continue to prepare for increased volatility, but after the latest consolidation, the situation in the chart has recently improved noticeably. The shareholder remains Bullish and expects the record hunting to continue. Investors stick or put a foot in the door.
If you want to invest more widely and without registration with a crypto tour in ten of the most trend-lowest coins and tokens according to the TSI system, you can also use the index certificate (WKN A2urru) on the crypto TSI Index. Bitcoin is currently the largest position with around 24 percent weighting. You can find more information about the index here.
Reference to conflicts of interest
The board and majority owner of the publisher Börsenmedien AG, Mr. Bernd Förtsch, is directly and indirectly positions about the subsequent financial instruments mentioned in the publication or this received from the derivatives related to the publication that can benefit from the publication: Bitcoin.
The author immediately keeps positions on the subsequent financial instruments mentioned in the publication or this related derivatives that can benefit from the course development resulting from the publication: Bitcoin.
The price of the financial instruments is derived from an index as a underlying. Börsenmedien AG has developed this index and holds the rights of it. With the issuer of the securities shown, Börsenmedien AG has closed a cooperation association, according to which it granted the issuer a license to use the index. Börsenmedien AG receives remuneration from the issuer.
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