(Global) This Thursday, the pioneer cryptocurrency has once again exceeded the psychological barrier of $ 100,000, a level that first reached in its history last December and that it played, for the last time, in early February. This sway of your contribution has a person in charge and surname: Donald Trump.
Only $ 6,000 of new historical maximums, according to data from Cointelegraph Markets Pro and TradingView, the BTC price action has surprised the market by jumping 10% in days.
The rhythm of BTC price profits has been a surprise for many, but the longest long -term perspectives show where the most difficult battlefield is located.
“Since this current impulse has been caused mainly by the holders, this places the markets on a day of crucial and critical negotiation,” said Trader Skew about the momentum of the movement in a post in X on May 8.
Investors, in fact, begin to glimpse a moderation of the president’s tariff fury. On Saturday, US and China delegations will meet in Geneva (Switzerland) to discuss rates and, predictably, reduce tensions. In addition, Trump announced on his social networks a “great commercial agreement” with the United Kingdom to mitigate the impact of rates. The president has promised that this pact will be “the first of many.”
Bitcoin and risk assets have become very sensitive to holders and even publicly media publications involving US President Donald Trump and their commercial tariffs.
The last event implies a commercial agreement between the US and the United Kingdom, but how long it endures optimism remains an open commitment.
“I am sure that markets expect this to have a driving effect to put trade agreements for other important commercial parts such as EU and China on the table,” Skew continued.
Javier Pastor, Bit2me training director, explains that there are several factors that make Bitcoin resume their upward path. The first is undoubtedly the increase in global liquidity. “Bitcoin carries a rEraso of about 10-12 weeks with respect to global liquidity, which is the expansion of the monetary mass that the central banks are taking, ”he recalls. The decrease in interest rates in Europe and China’s liquidity injections to alleviate the consequences of tariff Bag, gold or bitcoin.
The growing institutional adoption, supported by sophisticated financial strategies and innovative products such as hybrid bonds linked to Bitcoin, is carrying the market capitalization of the asset to historical levels, with projections that point to a total value close to $ 200 billion dollars according to experts. This trend, which involves technological giants to real estate banks and companies, reflects a maturation of the crypto market and an increasingly narrow integration with traditional finances.
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