Today in Crypto, Bitcoin gathered to a new level on Sunday, the CEO of Stripe says that Stablecoins will force banks to provide real interest in deposits, and the Bitcoin exchange boxes listed in the United States began in October with billions of flows.
Bitcoin gathered to $ 125,000 fueled by the United States government, total factors: analysts
Bitcoin Volunged the highest new level ever during the weekendWhich prompted analysts to invite a renewable accumulation phase that can feed a rare to $ 150,000 before the end of the year.
Bitcoin (BTC) New appointment The highest level is above 125,700 dollarsAnd the market value briefly crossed with $ 2.5 trillion for the first time In the history of encryptionCointelegraph, earlier on Sunday.
The assembly has been supported by multiple macroeconomic factors, including the closure of the last American government-the first since 2018-which some analysts say has been interested in the role of Bitcoin store.
In the past, similar conditions have led to “major price features”, according to Fabian Dorie, the chief investment official in the SYGNUM Bank Digital Asset Banking.
“The United States government has renewed” a discussion about the role of Bitcoin in the average value, as the political imbalance emphasizes the interest in decentralized assets. “He added,” At the same time, the broader environment-which is characterized by loose liquidity conditions, is the acceleration of the service in the work cycle, narrowing the weak performance for shares and gold-attention to the assets Digital.
Stripe CEO says that Stablecoins will force banks to provide competitive attention to users on deposits.
Stripe Patrick Colison said that Stablecoins will force banks to Providing competitive interest rates Customers are due to the appearance of the load -bearing stablecoin options.
Colison cited the average savings rates offered to customer deposits in the United States and Europe, all of which came much less than 1 %, as mature of the disorder by Stablecoins. he books:
“The depositors, and they must, earn something closer to the market return on their capital. Some lobbies are currently pushing after Genius to restrict any types of bonuses associated with Stablecoin deposits. The necessary currencies here are clear-cheap deposits are great, but being a consumer, they feel vibrant like losing mode.”
The Stablecoin Market roof crossed $ 292 billion in October, according to data from rwa.xyzWith continued growth in growth in the wake of a comprehensive regulatory bill signed in the United States.
Bitcoin Etfs Kickstart “Uptober” at $ 3.2 billion in the second best week ever
Bitcoin Spot investment funds on the American list started the historic upright month of October with The second best week of flows since launchChawir renewed invested optimism.
Bitcoin spot (BTCThe traded investment funds were recorded at a value of $ 3.24 billion from the cumulative network Positive flows Over the course of last week, nearly $ 3.38 billion in the week on November 22, 2024 corresponds to the week. According to To data from Sosovalue.
The number represents a sharp recovery from the previous week of $ 902 million in external flows. Analysts have attributed to increasing expectations to reduce the interest rate in the United States, which improved feelings towards risk assets.
“The low interest rates in the United States” sparked “a shift in feelings”, and attracted the renewed demand for investors on the investment funds circulating in Bitcoin, “raising flows for four weeks to approximately 4 billion dollars.” “At current operating rates, the Q4 flows can retire over 100,000 BTC from the blood circulation-more than a new dual version.”
He added: “ETF absorption is accelerating as it reduces the distribution of long -term holders, which helps BTC to build a stronger base”, near the main technical support levels.
Continuous ETF flows may provide the important rear winds for Bitcoin in October, which is the second best month for Bitcoin in terms of average historical returns, often referred to as “Uptober” by Crypto investors.
Bitcoin price this week, which of $ 3.2 billion, paid bitcoin the price of 123,996 dollars on Friday, which represents the last six weeks. The last time was seen on August 14 to obtain the first encrypted currency in the world, Tradingvief Data appears.
