Bitcoin 
$118,024.47in recent weeks after a narrow price range has experienced a significant rise. Bitcoin, which gained more than 10%value, reached 120,947 on US dollar basis and saw the highest value of all time. Experts say that the current ascension tendency has not yet ended and there is no significant sign of market warming.
Comments from analysts and market sensitivity
Crypto money analysis company Cryptoquant evaluations, despite the realization of the gains obtained by short -term investors in the market, the general market sensitivity is cold -blooded. In the analyzes, it is stated that the current rise is linked to the role of Bitcoin in the global financial system rather than a speculative balloon.
Cryptoquant analysts: “Data show that there is no significant overheating in the market and there is still a cautious atmosphere.”
The 10x Research team said that Bitcoin has not only been a blocky of the investors, and that it has been considered as a means of assurance against budget deficit expenditures in the US.
10x Research: “Bitcoin is now a macro asset against unpredictable budget expenditures.”
The role of ETFs and new records
One of the main factors behind the rise in the price of Bitcoin was the funds (ETF) traded on the Bitcoin Stock Exchange, which has recently become operational in the USA. These funds soon became an important share in the crypto currency market.
In particular, Blackrock’s IBIT Fund is remarkable. IBIT has reached an $ 80 billion in the size of an asset in less than a year. With this size, he left behind the record that the Vanguard S&P 500 ETF reached in 1,814 days in only 374 days.
In addition, the amount of Bitcoin in the US Spot Bitcoin ETFs exceeded 6 %of the total supply for the first time in history. The US ETFs currently have 1,268,094 Bitcoins and the total value of this amount reaches $ 153 billion.
The change in Bitcoin’s role and new expectations
According to experts, the effect of larger investor masses and new financial tools in Bitcoin’s current value increase is remarkable. The US Presidential Crypto Monetary Policy Report on July 22 and the Federal Open Market Committee (FOMC) meeting, which will take place on July 30, are interpreted that Bitcoin could further strengthen its position in its traditional financial markets.
The growth of ETFs, where Bitcoin has accumulated, indicates that corporate investors’ interest in crypto currencies has increased. In addition, these purchases made on US -based funds are expected to put additional pressure on prices in the future.
Bitcoin’s current movement can be considered as an indicator of a paradigmatic change in the view of investors and institutions on crypto currencies. Investors raise Bitcoin as an alternative asset in risk management, and the increasing economic uncertainties worldwide can lead to this interest. While monitoring the developments, it is important that investors closely follow the market conditions and evaluate the risks and possible return potential in a holistic way.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
