The surge in the elimination of short positions for a total of about $ 200 million intensified growth, since the traders who set the price of prices were forced to redeem the positions, Analysts of the Binance crypto accounts suggested. Experts Trading News They saidthat the growth of liquidity in futures and an increase in the net volume of purchases on Binance “confirm aggressive bets on the continuation of the growth of the flagship cryptocurrency.”
Some financial analysts associate the growth of the market value of bitcoin with the growing uncertainty around American trade duties.
“Now we are observing the flight in firm assets, including bitcoin. Since the countries continue to print fiat currency with exorbitant pace, people will find alternative ways to store funds, ”said Josh Fraser, co -founder of the Origin Protocol decentralized financial platform.
Bitcoin growth had a positive impact on the entire cryptocurrency market. Altcoins demonstrate noticeable growth: over the past week, the second one according to the capitalization of cryptocurrency, the broadcast, added more than 16%, and the total capitalization of the cryptorrhoids Reached $ 3.68 trillion. By opinion Bitcoin Ethereum News experts, this indicates the restoration of investor trust.
Analysts from MITRADE Fear Bitcoin’s short -term correction – despite the bull’s mood, the market may encounter profit fixation in the resistance zone of about $ 118,000.
Earlier, Binance, BitWise and Standard Chartered experts stated that they expect a stable bitcoin growth in 2025–2035 from $ 200,000 to $ 500,000 – primarily due to the tributary of corporate investments.
Source: Bits
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