Cryptocurrency Bitcoin demonstrates robustness and enduring strength.
In a surprising turn of events, Bitcoin soared past the $100,000 mark for the first time since February. The surge was triggered by the Federal Reserve's decision to keep interest rates steady.
Telegram's "Ъ FM" channel reports that all top 100 cryptocurrencies experienced growth over the past 24 hours, with some skyrocketing by up to 10% and more. The overall market capitalization reached an impressive $3 trillion. This astonishing price surge coincides with a rise in funds flowing into Bitcoin-based exchange-traded funds (ETFs), according to industry analysts.
Artem Genkin, CEO of the Consulting and Analytical Union, suggests keeping a keen eye on the volumes at ETF funds linked to Bitcoin and other significant cryptocurrencies. Genkin explains that these volume indicators could serve as a predictor for the crypto market's future trends. If volumes continue to rise, it could result in a cumulative effect and attempts to break above higher values.
The Changing Landscape of Cryptocurrency Investing
This price growth makes cryptocurrencies even more attractive to traditional market speculators as alternative safe-haven assets, aside from gold. The ongoing trade wars kicked off by former President Donald Trump could potentially increase the appeal of stablecoins, another form of cryptocurrency pegged to the U.S. dollar and other reserve currencies.
In April of 2025, Bitcoin nearly touched $110,000, propelled in part by Trump's statements supporting crypto companies based in the U.S. According to data from SoSoValue, U.S. funds have witnessed net inflows of over $5 billion in the past two weeks. Crypto market consultant Vladimir Smerkis believes that the new administration in the White House has impacted the crypto market. Smerkis notes a shift in investment patterns under Trump, including a notable rise in cases against the Binance founder, accused of money laundering. Despite the positive summer rally, Smerkis cautions that the overall crypto market may not be making significant upward movements due to ongoing trade wars and their impact on national reserves.
The Ambiguous Future of Crypto Assets
Crypto expert Changpeng Zhao, former CEO of Binance, has submitted a plea through his legal team for a pardon, aiming to put the past under him under the current administration. This move signals a more optimistic outlook for the crypto sphere. However, Zhao warns that crypto assets remain highly volatile. He does not believe we will see all-time high prices beyond $120-130,000 this year, but he anticipates a return of trading activity to the crypto industry by the fall season. Smerkis advises investors to hold back on large investments at this time, as history has shown ambiguous trends in the crypto market.
Meanwhile, the demand for Bitcoin options has surged on crypto exchange Deribit, with options featuring a strike price above $100,000 in high demand. These developments underscore the growing interest and demand for Bitcoin as a promising investment.
In conclusion, economic factors, political developments, and regulatory changes have significantly contributed to Bitcoin's recent price surge and increasing appeal as a digital equivalent to gold. Institutional investments, gold-like safe-haven appeal, technical signals, market sentiment, and a weakening U.S. dollar all play crucial roles in this positive trend for the crypto market.
- Cryptocurrencies have become more attractive to traditional market speculators as alternative safe-havens, such as gold, due to the ongoing growth and increased prices.
- The demand for Bitcoin options, including those with a strike price above $100,000, emphasizes the growing interest and demand for Bitcoin as a promising investment.
- According to Artem Genkin, the CEO of the Consulting and Analytical Union, monitoring the volumes at ETF funds linked to Bitcoin and other significant cryptocurrencies can serve as a predictor for the crypto market's future trends.
- Despite the recent surge in prices, Crypto expert Changpeng Zhao, former CEO of Binance, anticipates a return of trading activity to the crypto industry by fall, but warns that crypto assets remain highly volatile.
