According to experts, the behavior of the new market participants is becoming more and more feverish, and they are counting on the further rally of the first cryptocurrency.
“Fresh capital continues to enter the market, supporting the last breakthrough of prices,” said Glassnode.
Nevertheless, while the retail interest in bitcoin remains restrained, despite the achievement of a new historical maximum. A new trend is formed in the industry: the attention of retail investors is already shifting towards altcoins, analysts indicate.
Current market indicators demonstrate a mixed picture for the first cryptocurrency. The hopes that Bitcoin will overcome $ 125,000 not yet. However, a positive attitude among investors is preserved. Much will depend on the further steps of the US administration regarding the regulation of cryptocurrencies, experts summed up.
Earlier, the founder and general director of 10x Research, Marcus Thielen, said that the growth of the first cryptocurrency is due to the growing deficit of the US State budget and the fears of investors about the rapidly approaching financial crisis.
Source: Bits
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