At midnight yesterday, on May 18, UTC, Bitcoin recorded the strongest weekly closure for its circulation up to now below $ 10,500.
Bitcoin-BTC reached the periphery of a new historic summit after having circulating for a short period at the highest level of $ 106,000 today, Monday morning during the first hours of negotiation, and at midnight, the UTC on May 18 put an end to Bitcoin, the strongest weeks of traffic to settle below the level of $ 106,500 according to Coninecko.
Thus, the chief of the sector closed the weekly gains for six consecutive weeks, with bulls (height speculators) on the market. Bitcoin recorded the highest weekly closure in December, when she exceeded $ 104,400, to record the first digital currencies in terms of market value, the highest level of ever (ATH) at $ 108,786 on January 20.
Bitcoin boxes on the Stock Exchange (BTC ETF) and macroeconomic factors cause this beginning
At the time of writing this report, Bitcoin is negotiated at an increase of 10% within 7 days and 21% compared to its value from 30 days to $ 103,500. While Bitcoin has recorded its highest level of all time thanks to the enthusiasm associated with the installation of Donald Trump as a president and young investor, the current wave of heights is constantly linked to regular investments in Bitcoin Spot ETF and macroeconomic factors; Investors can go to Safe Haven’s assets such as Bitcoin and Gold due to the lack of certainty on inflation, customs agreements and other macroeconomic factors.
During the period between May 12 and 16 (New York Time), the ETF Bitcoin Spot attended a total net investment of $ 604 million, to record the fifth consecutive week by taking advantage of incoming net investments, as these funds attracted net investments worth 2.8 billion dollars in the first half of May according to Sosovalue data.
High Global Bond returns after the Moody agency to classify the United States in the United States
Moody’s Credit Rating Agency reduced the notation of the US AAA government to AA1 last Friday, warning high debt levels and an increasing budget deficit. With the pressure of inflation and the insistence of the federal reserve not to reduce interest rates, investors can consider Bitcoin as an ideal refuge because of its positive interaction so far with this reduction in achievement.
In a related context, yields of Japanese bonds have increased for 40 years to record its highest levels in more than two decades, and Prime Minister Shigeru Ishiba described the situation as “worse than the Greek crisis”, to direct global disorders and fears of recession to improve the position of Bitcoin as an ideal refuge for investors in the world.
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