After the tensions after the US hit a nuclear facility in Iran at the weekend, Bitcoin $105,439.51Asian markets began on Wednesday, reached around 106 thousand dollars. This level, in recent weeks, the level of Israel’s attack on Iran has survived. Crypto currencies have been observed to move more and more interconnected with spot and traditional markets.
The power and market dynamics of corporate interest
It was stated that the increasing interest of corporate investors was effective at the basis of the recovery process in crypto markets. According to a recent report of Glassnode and Avenir Group, Bitcoin has increasingly began to move with more traditional macroeconomic indicators. In the report, “Bitcoin’s sensitivity to traditional asset classes and macroeconomic indicators has increased especially in the latest market cycles. Now this entity is more integrated into the financial system.” his statements were included.
In addition to this, one of the examples of corporate interest was the new capital of $ 1.1 billion in Bitcoin ETFs last week. Pythagoras Investments Investments Semir Gabeljic said that large capital flows for Bitcoin ETFs recently constitute a positive trend.
“Our observation as Pythagoras Investments, the recent capital inflows to Bitcoin ETFs, only last week, only $ 1.1 billion and today has a positive effect of over $ 350 million.” – Semir Gabeljic
Bitcoin’s rise in crypto ecosystem
According to Technology Investor Tim Draper, interest in innovative block chain projects is gradually shifting to the Bitcoin network. Draper pointed out that Bitcoin’s weight increased in the crypto ecosystem. BTC’s market domination is 40 %in the rise-firing cycle in 2017, today it is more than 60 %.
Draper, previously specific to subcoins, smart contracts, decentralized finance (defi) and low-cost layer-2 solutions are now used in the Bitcoin network, he said. According to the famous investor, software developers and developers are more oriented to develop their projects through Bitcoin.
“Successful entrepreneurs always develop their projects on the most powerful platform. Currently this platform Bitcoin.” – Tim Draper
Restructuring process of the Wazirx stock exchange
The Indian -based crypto currency exchange Wazirx took additional time from the Singapore Supreme Court. The company requested additional time to re -submit its re -structuring plan to compensate for the $ 234 million damage in July 2024, but rejected last month to the court. The company’s plan; It envisaged that damaged users should be given compensation tokens and the transfer of operations to a new company.
More than 93 %of creditors had approved the original plan. The court put forward concerns about management and transparency. In the event of a non -approved configuration plan, Wazirx may face the risk of bankruptcy and in this case the collection processes of the creditors may extend.
“The company awaits new instructions from the court and continues its commitment to the process of protecting the rights of creditors.” – Wazirx Description
Market movements and other developments
According to the latest data described, in addition to the upward movement in Bitcoin, Ethereum 
$2,418.66 It also gained 4 %and increased over $ 2,450. On-Chain indicators showed that purchases in both Bitcoin and Ethereum were supported by large investors and high trading volumes. The declaration of a new ceasefire and the decrease in geopolitical risks caused a decline in gold price and a slight increase in the Nikkei index of the Japan. In the US stock markets, a technology -based rise was observed.
Other important developments in the crypto ecosystem include the International Bank’s warning on stable valuable crypto assets and the effects of tariffs for miners in the USA.
Bitcoin’s price and weight are shaped by corporate demand and macro liquidity, while the price movements are the result of long -term investment stability rather than short -term news. In addition, innovative projects are moved to the Bitcoin network and signals in which technical developments in this network gain momentum. In the examination of market movements, the fluctuations in the traditional markets continue to be decisive technological and structural progress in crypto -specific.
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.
