Bitcoin $118,219.28 price He broke the record of all time of new times over 123 thousand dollars and more importantly Ethereum
$3,435.37 He returned to $ 3,400. Markets, which have been longing for a long period of long -lasting periods of Altcoins for years, may now have time for time.
Crypto Money Rise
Last week, it was an important breaking point and volatility will now increase exponentially. That’s how it happened. There are many reasons for the last thing in crypto currencies, and one of them is tariffs.
While the bargaining process related to tariffs was indirectly shifting to August 1, the markets began to ignore it. Trump sends tariff letters and imposes the rates in April, but crypto currencies do not take it seriously. On August 1, a new extension was said to be back. Therefore, we see that the 30 %ratio announced for the EU has no effect on the graphics.
Effect of Crypto Money Law
On the other hand, the Crypto law approved by the Senate came to the House of Representatives. Yesterday, these procedural votes were held and Trump now needs to go. Stablecoins are legally recognized and Defi The ecosystem is more than that. Ethereum This is why the rise in the price accelerates.
So there are basically two big events. The unresponsive markets related to tariffs and crypto currency laws that come to the House of Representatives.
Has the crypto currency bull arrived?
In the first two chapters, depending on the developments we have drawn attention, we can say that we are in a period of ascension that was founded beyond a speculative movement. As a matter of fact, billions of dollars of ETF entrances that have been going on for days show that corporate investors’ interest in crypto continues in a certain tempo.
Yesterday, seeing $ 726 million Ether ETFBitcoin Etfs for $ 780 million in response to their s. These are very large numbers.
There are 2 things that take place simultaneously with the rise, which tells us that this trend can be much longer. Increasing the US debt ceiling of 5 trillion dollars and the approval of Trump’s tax law. Trump’s tax law will expand US debt more.
So we’re not talking about a normal rise. The US dollar depreciated 11 %in 6 months and crypto currencies gained $ 1 trillion in 3 months. President of the US House of Representatives on July 3, President Trump “Great beautiful law bill”Since its accepting, the tendency of the crypto has become in the raid.
Family offices, hedge funds and in a broader sense institutional capital BitcoinEven “conservative” funds want to separate approximately 1 %of their total assets into BTC. In other words, we are probably in a bull markets and BTC stands out as an alternative asset where you can escape. With the increase in the US debt ceiling of 5 trillion, Trump’s tax law receiving approval triggered this escape simultaneously.
ETHBTC parity
BTC price While maintaining the level of 118 thousand dollars, the price of ETH started to gain value against BTC again. After 140 days in ETHBTC parity, the 0,027 threshold was taken back again. It’s not easy, we’ve seen 51 %recovery from the bottom of the ETHBTC parity, and when the price of 0.03BTC is retrieved, the almost 1100 -day parity decrease will be reversed.
2 things are very important for the Altcoin bull. One is BTCD and the other ETHBTC parity. ETH should be strengthened so that BTC dominance is weakened and there is more capital flow to the subcoins. For example, as it is today XRP Coin It can increase over $ 3.26 with an increase of 10 %.
At the point we have reached today, the price of BTC for Altcoin investors reaches satisfactory profitable levels. In other words, if I buy BTC 100 %, investors should be 240 thousand dollars if I get 100 %increase, instead of “Ether, let me take the ETHE level again, they will see more than 5 thousand dollars, they will surely make more, I would earn more”.
Some of them do not satisfy him, so let me get the alltcoin of the Ether, I will make 3x from that 10x says. For the continuation of this, the BTC has to stay strong on the key support of $ 115,500.
The future of crypto coins
There are days that promise hope for Altcoin investors. Genius There is already a market prepared for what will happen with and this promises. The bills that offer the stablecoins that offer APY Defi Since the laws can do this without prevented, we will see that the flow of capital accelerates in the return protocols in the Ethereum ecosystem.
Since the beginning of the year, we write that the most positive decomposing category is defi almost every month. There are 2 main reasons for this. The first one for defi ended with Trump and the nightmare is over. Secondly, the defi turns to a single alternative for brought stablecoins, which directs large investors who want to earn from legitimate stablecoins to defi protocols.
There is much more. Integrated L2 networks, projects, with large banks Ethereum network Rwa Their initiatives point to the first stages of a new market of trillion dollars. All this emphasizes more potential for crypto currencies.
Yesterday, ETH ETF entrances were almost as much as BTC entrances. Sharplink entered the race with the Ethereum Foundation by adding $ 225 million ETH to the treasury. After $ 3,522 and $ 3,743, we have targets of $ 4,072. The faster ETH exceeds these thresholds, the faster the acceleration of the Altcoin bull.
Of course, we will live together and see, we do not have magic spheres that show the future.
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.