Crash dollar … and rush to bitcoin as he never saw
To sum up this article with:
While the currency monuments of the collapse, Bitcoin stands out as the flagship of the new financial rules. He exceeded $ 125,700 and has reached an unprecedented summit and drives its capitalization over $ 2,500 billion. This meteoric output occurs in the climate of political tension in the United States and the fragility of the dollar, which redraws the line of strength on world markets. This symbolic threshold signals deep relocation of confidence towards a decentralized alternative.
In short
- Bitcoin reaches a new historical summit to more than $ 125,700, with a record capitalization exceeding $ 2,500 billion.
- This flight is integrated into the context of the rapid depreciation of the US dollar, which is about to know its worst year since 1973.
- The decline in interest rates in the United States and the download market increases the green to alternative assets.
- The chain data shows the storage phase carried by large carriers with a net sales pressure retreat.
Dollar fall and confidence crisis: macroeconomic Bitcoin rally base
In the context of growing cash voltage, bitcoins flew up to $ 125,700, transmitted by exceptional convergence of economic factors of unfavorable dollars.
According to analysts of Kobeissi’s letter, “The dollar is on the way to knowing its worst year since 1973”with a decrease of more than 10 % since the beginning of the year. This brutal decline is part of long dynamics: Greenback has lost 40 % of its purchasing power since 2000, they recall.
At the same time, other assets are considered value reserves such as gold, as well as record levels, $ 3,880 ounces, 4,000 brushes, while the S&P 500 increases by more than 40 %within six months.
Signals sent by markets reflect a deep change in economic expectations, summarizes the letter Kobeissi: “Markets now integrate a new monetary policy”. This reconfiguration is based on several concrete elements:
- Dollar weakening: a decline of more than 10 %, the worst annual performance in recent years;
- Changing the Fed Cap: With the reflection of inflation and the market with pressure below the pressure of the federal reserve system, the rate has initiated a decline in rates;
- Leakage towards tangible effective ingredients: bitcoins, gold, action all rises in parallel and violates the usual historical correlations;
- Unprecedented correlation: The coefficient between the gold and the S&P 500 has reached 0.91, which is a sign that investors re -evoke their refuge criteria;
- Loss of monetary trust: The structural degradation of the dollar revives the attraction for non -ereive assets such as bitcoin.
In short, a spectacular BTC climb cannot be understood without the integration of this destabilization of Western cash paradigm.
Storage phases and institutional signals
In addition to the global macroeconomic context, the Bitcoin market reveals clear signs of structural recovery, especially the storage phase transmitted by long -term investors.
According to Fabian Dori, the Chief Investment Director of Synum Bank, the chain data indicates that the sales pressure of long -term holders seems to decrease, while short -term investors stabilize after the loss period.
This trend suggests that the market consolidates at high levels and that the excessive speculation that has characterized a certain previous phase of the cycle is decreasing. In addition, the interests open to derivative products after the recent expiry of BTC options have been sharply decreased, which could lay the foundations of a new ascending impulse in the fourth quarter.
Other analysts go further in their projections. At the Token 20149, Charles Edwards said that if Bitcoin maintains its dynamics over $ 120,000, the scenario will remain up to $ 150,000 by the end of the year.
This prognosis is based on technical indicators, but also on the climate of reducing available offers in the face of institutional demand. However, some observers like Jake Kennis (Nansen) require caution: “It is premature to announce a local low point. By confirming it will take stability within a few weeks above key levels.”. Thus, this mild skepticism shows that despite euphoria, part of the market remains attentive to the robustness of current support.
This dynamics reveals the last trimester potentially decisive for the development of bitcoins. If institutional enthusiasm is maintained and the macroeconomic conditions continue to deteriorate the dollar, the trajectory could be accelerated towards new heights. On the contrary, the restoration of economic stability or less adapting monetary policy could slow down this dynamics.
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A graduate of the Toulouse and the Blockchain Consultant Certification certification holder and I joined the adventure of Cointribuna in 2019. I convinced of the potential of blockchain to transform many economy sectors, committing to raising awareness and informing the general public about how the ecosysty developed. My goal is to allow everyone to better understand blockchain and take the opportunity they offer. I try to provide an objective analysis of messages every day, decrypt trends on the market, hand over the latest technological innovations and introduce the economic and social issues of this revolution.
Renunciation
The words and opinions expressed in this article are involved only by their author and should not be considered investment counseling. Do your own research before any investment decision.