Bitcoin rose to another high record, driven by an increasing demand for investors on risk assets and $ 200 million in BTC shorts near the level of resistance decisive expenses.
Bitcoin (BTCThe price of the highlands of $ 112,000 ever exceeded the first time on Wednesday, after an increase of 5.95 % during the past week.
Bitcoin price estimation helped the total Crypto Marketiving restored $ 3.47 trillion, another level seen in June 2025.
However, the value of the encryption market is still less than the highest level at 3.73 trillion dollars registered in December 2024.
The new Bitcoin has ever signed a few days after President Trump announced a new round of tariffs of up to 40 % against Malaysia, Kazakhstan, South Africa, Myanmar and Laos. Meanwhile, Japan witnessed the high rate of customs tariffs to 25 % and the new rates operating on August 1.
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Bitcoin’s price momentum benefits from resets in “excessive participants in records” that created “more healthy to continue.”
“The rapprochement between the accumulation of the series and the arrangement of the arrangement of the exchange outside the chain draws a convincing image: this gathering was built on solid ground, supported by real capital flows instead of short -term speculative crane.”
“To keep a constructive look at the coming weeks, this pattern must continue from the immediate hegemony of the buyer,” the analysts explained
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Bitcoin is gathered with an increase in a safe haven: Sygnum Bank Research Lead
Bitcoin’s uptrend since then Trump’s liberation day The advertisement on April 2 is driven by its increasing estimate as safe assets, according to Katalin Tishhauser, head of research at the SYGNUM Bank Digital Assets.
Since April 2, Bitcoin “has been out of performance in addition to increasingly separating it in the days when the S&P 500 was corrected”, as Cointelgraph was told, adding:
“This has been supported by increasing Bitcoin’s status as a safe asset in the face of Fiat Debasement, and also confirmed by the first American state to sign a bitcoin reserve bill in law, following the federal Bitcoin reserves created by the executive order.”
Bitcoin Stock Exchange reserves have been a steady decrease since late April, a sign of “long -term confidence” from Bitcoin investors that may lead to a Provide shock Rally, according to Tishawser.
Bitcoin reserves on all stocks fell to 2.99 million BTC on May 21, a decrease from 3.11 million BTC on March 13, Glass Data shows
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