Bitcoin price cracks all-time high and flirting with $ 120,000

Bitcoin price cracks all-time high and flirting with $ 120,000


After months of consolidation around the psychologically important 100,000 USD brand, Bitcoin now clearly breaks out a new all-time high. Massive tributaries in spot ETFs and purchases from Bitcoin trasury companies drove the course overnight to $ 118,000. Additional tailwind provides the prospect of monetary solutions in the USA.

Bitcoin BTC/USD (daily) / Charts: Tradingview

Bitcoin remains the market driver

Under the pressure of political decision-makers, the US government signals a change of course towards monetary policy. An interest rate could be reduced in July as long as inflation cools down and the labor market data remain stable. In combination with the deficit expansion by Trump's “Big Beautiful Bill”, the course is set for a continuing dollar devaluation. Lower interest rates and increased money liquidity support risky systems, which makes Bitcoin more attractive both as inflation protection and as a speculative object.

Ethereum ETH/USD (daily) / Charts: Tradingview

The increase in the Bitcoin price also pulls up Ethereum (ETH). The second largest cryptocurrency after market capitalization is again over $ 3,000, whereby the all -time high remains a good distance away. Nevertheless, there are positive impulses. Since April, the relationship between Ethereum and Bitcoin (“ETH/BTC”) has increased by +33%, while the ETF inflows also gain drive.

Signs of life in the old coins

During historical upward cycles, there was a catch -up phase for the old coins at all -time highs in Bitcoin. Beginnings of this pattern are emerging again. Over the past seven days, most digital assets have recorded growth in the double -digit percentage range. The winners of the week were Stellar XLM (+28.05%), Cardano Ada (+23.02%) and SUI (+19.42%). The “losers” were Tron Trx (+3.33%), BNB (+4.53%) and Bitcoin BTC (+8.45%).

TOP 20 cryptocurrencies according to market capitalization / source: Messer

Disclaimer
All information in this publication is exclusively for general information purposes. The information provided in this publication does not constitute investment advice and are also not intended as such. This publication does not constitute an offer and no recommendation or request for an investment in a financial instrument including cryptocurrencies and the like and is also not intended as an offer, recommendation or request. The content contained in the publication is the personal opinion of the respective authors and are not suitable or intended as a basis for decision -making.

Risk.
Plants and investments, especially in cryptocurrencies, are generally associated with risk. The total loss of the capital invested cannot be excluded. Cryptocurrencies are very volatile and can therefore be exposed to extreme price fluctuations in a short time.



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Jayd Johnson

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