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Bitcoin's Fresh Record Brings Firepower for Bulls With One Caveat: Crypto Daybook Americas
Bitcoin rose over 33% this year, supported by institutional investors and U.S. policy shifts, adding about 13% since late September, analysts said.
- Bitcoin reached a new record over the weekend, surpassing $125,000 for the first time and peaking at $125,245.57 on Sunday.
- This historic rise followed sustained institutional inflows, persistent inflation, weaker dollar strength, and growing support from government policies and investors seeking a store of value.
- Bitcoin's rally included nearly 13% price growth in the past week and over 33% gains this year, with $3.5 billion flowing into crypto products last week.
- According to Glassnode, there has been a notable increase in accumulation among mid-sized Bitcoin holders, while the rate at which larger holders are distributing coins has slowed, and smaller participants are maintaining a neutral stance.
- Analysts note that this momentum signals increased market maturity, though some suggest Bitcoin may need to consolidate before further gains.
22 Articles
22 Articles
The bitcoin continues its upward streak and set a record this Sunday by listing above $125,000. The cryptocurrencies queen quoted at $125,689 and with this rate it again set a peak, breaking its previous record of $124,500 recorded in August. The bitcoin has been driven by investor caution over the government’s budgetary paralysis in the United States. The valorization of U.S. shares also boosted this streak, because investors seek secure assets…
The world's most valuable cryptocurrency Bitcoin rose by almost 2.7 percent and reached a record high of $125,245.57, Reuters reports.
Bitcoin hastens from record to record. Industry experts point to growing fiscal concerns. Investors, however, have to adjust to possible profits.
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