Bitcoin $109,754.45For the first time on its history, it was traded for 30 days over 100,000 dollars. Bitcoin, which has made a new stage in its 15 -year adventure, reached the highest value of all time with $ 111,980 on May 22. Experts say that this development may be a sign of an important change in market dynamics.
Bitcoin rise
In the last 30 days, Bitcoin experienced a 10 percent retreat after reaching a record level and fell to $ 100,428 in this process. However, this decline took a short time. Currently Bitcoin reinstalls and approached $ 109,511. It is observed that positive atmosphere in the markets gained strength again.
Wolfe Research Technical Analyst Read Harvey said, “It is absolutely positive for the price to break and hold a significant level of resistance in psychological and historical.
Analysts say that the preservation of this level can indicate that Bitcoin can be accelerated towards new peaks in the future. Technical indicators and market psychology act in harmony.
Corporate adoption is increasing
In the US last month, states such as New Hampshire, Arizona and Texas in the United States enacted laws that recognized Bitcoin as the presence of strategic reserves. These steps are regarded as an indication that crypto beings are becoming more widely accepted in the financial and political field. According to experts, the steps taken by the states in this direction may pave the way for Bitcoin to take a more active role in long -term financial planning.
“New Hampshire did not just have a law, he launched a movement.”
In the same period, major financial institutions increased their activities for Bitcoin. JP Morgan has begun lending processes by using Bitcoin ETFs in their portfolios as collateral. On the other hand, Blackrock’s Bitcoin ETF reflected the intense interest of individual and corporate investors by reaching the record volume in a very short time. Gamestop announced that he made over 4 thousand BTC purchases. Strategy’s billion dollars of purchases continue.
In parallel with increasing institutional interest, it currently has Bitcoin in 228 public and private organization balance sheets worldwide. In the last 30 days, companies such as Gamestop, Know Labs and NBX from Norway have joined Bitcoin as strategic reserves. Companies consider this crypto presence as the main element in long-term financial planning, not a short-term trading tool.
The basis of this institutional movement is the long -term value storage feature and the crypto asset market starts to mature.
“Fifty million American Bitcoin owners. I think this number will be 100 million soon.”
The fact that Bitcoin remained over $ 100,000 for 30 days in a row increased the interest of both investors and legislators in the world of digital assets. The increase in corporate adoption is expected to strengthen Bitcoin’s role in the global economy, along with the diversification of financial instruments and legal regulations. Market tracking and strategic planning for both individual and institutional actors may be the most prominent factors in digital assets in the coming period.
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.
