Bitcoin $96,276.81With an increase of 4 %, it reached $ 97,000 again. This rise was supported by diplomatic contacts and increasing investor expectations between the United States and Russia. The crypto currency market closely follows the effects of international developments.
USA-Russia contacts and market effects
Diplomatic contacts between Washington and Moscow came up again. According to Reuters, these talks are considered as the first diplomatic step towards the Ukrainian war. This development triggered Bitcoin’s value by increasing the risk appetite in financial markets.
Recently, geopolitical risks adversely affected investor sensitivity. However, positive news about diplomacy has created an optimistic atmosphere in the markets for now. Investors focus on the possibility that Bitcoin may approach $ 100,000.
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Economic expectations also direct the market. Inflation and policies of central banks are closely monitored. Softening discourses on interest policies in the future may create a positive atmosphere for Bitcoin and other beings.
Investors talk about Bitcoin’s target of $ 100,000
Last week, the US consumer price index (CPI) data caused pressure on the market. Although expectations for strict monetary policies suppressed Bitcoin prices, geopolitical developments gave positive signals. This effect caused recovery in the crypto currency market.
Microstrategy CEO Michael Saylor announced that they plan 2 billion dollars for additional Bitcoin purchases. In addition, advances in the Bitcoin ETF process may increase the interest of individual and institutional investors. The introduction of corporate investors to the market may cause greater fluctuations in Bitcoin prices.
Decreased geopolitical risks may have positive effects on energy prices and trade flows. The decrease in economic uncertainties can lead to the adoption of more moderate policies of central banks. These conditions can prepare enough ground for Bitcoin’s $ 100,000 psychological threshold.
The course of the Bitcoin price requires investors to closely follow international developments. Technical support levels and short -term price movements in the crypto currency market continue to be critical.
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.
