Bitcoin It increased during the Asian session on Sunday, gathering from $ 122,000 to $ 124,289 in a matter of minutes, stopping the record of $ 124,429 reached in August.
The rupture above $ 124,000 followed a massive demand for funds (ETF) that are quoted in the stock market (ETF). that collectively records a net ticket of $ 3.24 billion last week. This marks the second largest weekly input registered, according to the Sosaalue data provider.
Other chips such as XRP, Eth, Sun, Doge followed the BTC leaders, winning 1% to 3% during Asian hours.
Demand demand
The BTC rally arrives in the context of a continuous closure of the United States government, which according to analysts have increased the safe demand for the upper cryptocurrency.
Jeff Dorman, director of Investments of Arca, said just before the closing began: “The only time I buy BTC is when society loses faith in governments and local banks. $ BT probably a good purchase here before another closure of the United States government.”
Beyond political uncertainty, experts point out important macroeconomic factors that drive the rally.
Noelle Acheson, author of Crypto Is Macro Now Newsletter, explained: “Beyond the intensive risk of new conflicts, it is more likely that the inflation of the United States that decreases, the increase in loans worldwide will intensify the concerns of currencies, and what is good for gold is also good for BTC, especially because it is still decreasing.”
“In addition, the incoming market of the market support (lower rates, control of yield curves and lots and lots of” money printing “) will increase global liquidity, which will be included in the most risky corners of institutional portfolios,” he added.
In summary, BTC seems to be ready to mark impressive profits during the October season of October. At the time of writing, the cryptocurrency was quoted around $ 124,080, according to Coendesk data.
