According to analysts, a combination of profitability of 30-year state bonds of the United States and the dollar index forms a more favorable background for interest in high-risk assets in world markets.
The total market value of USDT and USDC stabilcoins reached a record mark of $ 151 billion, which is 9% higher than January at $ 139 billion. For investments in the first cryptocurrency, even more funds are now available, experts explained.
Traiders and investors do not expect extreme fluctuations in the course of the asset and uncertainty that exist during the period of overheating on the market. The total influx of funds to the SPOT ETF on Bitcoin jumped to the record $ 42.7 billion against $ 39.8 billion in January, experts pointed out.
The achievement of new historical maximums in the short term is likely, if the cryptocurrency retains a key support level of $ 105,000, analysts summed up.
Earlier, the specialists of the analytical company Matrixport said that bitcoin can quickly overcome the bar of $ 100,000 if new capital from institutional funds will arrive in the crypto.
Source: Bits
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