Bitcoin (BTC) $107,254.55has accelerated the new record preparations by holding over $ 107,000 for the last few days. According to CoinMarketcap data, the largest crypto currency decreased by 0.5 percent in the last 24 hours for $ 107 thousand 234. This shows that the price that fell below 100 thousand dollars last week has left this concussion behind. BTSE Operation Director Jeff MeiHe said that the conditions for exceeding the 112 thousand dollars summit with the tension between Iran and Israel have matured. Analysts say that the possibility of interest rate reduction and geopolitical calmness encourages buyers.
FED uncertainty in the market
According to Mei inflation The decrease in concerns and the expectation of softening in customs tariffs increases pressure on the US Federal Reserve (FED) President Jerome Powell. At the end of July, the possibility of a 25 basis points discount at the FOMC meeting will be 20.7 percent according to CME Fedwatch data. A possible interest rate reduction or the change of the FED President may increase the risk appetite.
BTC Markets Analyst Rachael LucasIn the opinion that acceleration is only a timing problem. The main factors that support the purchases of corporate treasures, mortgage models with Bitcoin guaranteed, regulatory progress and possible interest cuts. Lucas is also the US Federal Housing Finance Institution crypto currencyHe described the acceptance of the accepting of the mortgage as an assets as a critical threshold in integration with traditional finance.
Risk of greed in the crypto currency market
Kronos Research Investment Director Vincent Liu He warned that the fact that the crypto fear and greed Index is in the “greed” zone can harden the fluctuations. He added that the White House could come back to more than 60 countries if the trade negotiations of the White House failed. According to him, this risk may leave the price vulnerable if flowing to Spot Bitcoin ETFs.
Currently, investors are closely followed by whether the jam of around 107 thousand dollars will be broken or will result in cautious sales. If the liquidity flow remains strong, the door can be opened for the new record, but excessive expectation can lead to a very wide sales pressure of a limited profit intake.
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.
