Bitcoin $118,024.47reaching 122 thousand 600 dollars in the first hours of the day by increasing the market value to $ 2,407 trillion. According to CompaniesMarketcap data, Bitcoin left the retail giant Amazon with its market value and became the fifth most valuable presence in the world. The biggest crypto currency so that with silver in front of Google, in front of $ 22.64 trillion dollars gold4.022 trillion dollars NVIDIA3,740 trillion dollars Microsoft and with 3,153 trillion dollars Apple there is. According to analysts, the strong acceleration in Bitcoin’s price is corporate demand and the regulatory agenda in Washington.
Corporate and Policy Supported Rise in Bitcoin
Traded in the USA Spot Bitcoin ETFIn the last weeks of the money exceeding $ 16 billion in the last weeks of only 450 BTC produced a significant supply deficit in the market produced. Kronos Research Investment Director Vincent Liu“Such a strong intersection from the infrastructure is seen for the first time,” he emphasized the role of institutional capital.

Liu said that the factor, which supports the market second, has a “crypto week” sessions that will start today at the House of Representatives. CLARITY Act And Genius law The likelihood of progressing such as law bills increases the risk appetite. On the macro side, the liquidity conditions begin to relax. Expert, ETF demand continues and interest rate reduction expectations become clear until the end of the year, the price can see the band of 130-150 thousand dollars.
Future forecasts and possible obstacles
OSL Exchange Commercial Director Eugene CheungBitcoin can test the range of $ 130 thousand to 150 thousand dollars by the end of the year. On the other hand, Liu added that the weakness of the individual investor belief may break the acceleration of the rise if it combines with a possible pause in ETF flows.
Many Altcoin, who received a share of Bitcoin’s acceleration, has been on the rise. The largest Altcoin Ethereum $2,963.55 With an increase of 2.71 percent, it exceeded 3 thousand dollars, while XRP increased to 2,91 dollars with an increase of 4.82 percent, while solana increased to $ 165.9 with a rise of 3.21 percent.
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.