Bitcoin BTC$104,575.96 He returned above $ 104,000 on Tuesday with fresh inflation data welcome, President Trump’s upward perspective on financial markets and the inclusion of coinbase in the S&P 500 between catalysts for progress.
The April Consumer Price Index (CPI) became colder than expected, which can relieve pressure on the federal reserve anxious for inflation due to tariffs. The programmed speech of the president of the FED, Jerome Powell, could provide more political guidance.
Donald Trump raised the mood even more, who told attendees to the United States Saudi Investment Forum in Riyadh than markets “could be much higher.”
Bitcoin (BTC) almost touched $ 105,000 before going back, at the time of publication by contributing a 2.4% higher in the last 24 hours to about $ 104,400. Most of the Altcoins in the Coendesk 20 index overcame. Ethereum’s Ether Eth$2,687.24 He continued his resurgence by moving more than 9% to $ 2,700. Restore the governance token of the Eigenlayer protocol and the native token of the Decentralized Finance Protocol (DEFI) Etherfi ETFI$1.30 reserved more than 20-30% of daily profits.
The actions were added to their recent profits, with Nasdaq and S&P 500 rose 1.6% and 0.75%, respectively, at the close of the session. Crypto Exchange (Coin), believed by Nasdaq, increased 24% during the day, since the action will benefit from being included in the S&P 500 index. The change could release $ 16 billion in purchase pressure for shares, Jefferies predicted.
Joel Kruger, LMAX Group market strategist, said the cryptographic market is still digesting the profits of last week, but the demonstration has more impulse. “Currently, the market seems to be stopping, however, the predominant feeling in recent headlines suggests that this rally still has space to grow,” Kruger said.
He pointed out a rebound in the global risk appetite and an increasing number of institutional tail winds. “A remarkable factor is the growing general adoption of cryptocurrency, as evidenced by developments in the financial markets of the United States. The inclusion of coinbase in the S&P 500 marks a historical milestone, establishing it as the first crypto-native company to join this prestigious index,” Kuger said.
He also cited improving feeling around regulation. The president of the SEC, Paul Atkins, has pledged to make the United States a center for cryptocurrency innovation, which Kruger believes that he could unlock a new wave of institutional interest if he followed significant policy clarity.
Paul Howard, senior director of the WINCENT commercial firm, echoed that opinion, saying that while Altcoins is tracking the broader demonstration, institutional capital is likely to become more selective. “This evolutionary landscape seems to be laying the foundations for greater institutional participation,” he said in a telegram message. “The most resistant Altcoin projects could benefit, while the weakest can gradually eliminate.”
New BTC record next month?
Although Bitcoin is less than 5% of its January record prices, Bitfinex analysts indicated that neutral financing rates and stable negotiation volumes do not show signs of market foam. However, BTC is resisting resistance to around $ 104,000- $ 106,000 in the area, which makes a consolidation of the posterior zone with a key support level in around $ 98,000. Consolidation, which means that a new maximum of all time could be delayed to June, since supply/demand is stabilized above $ 100,000, “Bitfinex analysts wrote.
When moving away in the coming months, Bitfinex analysts said that medium and long term configurations remain decisively bullish, establishing an objective price of $ 150,000- $ 180,000 by 2025-2026.
“Bitcoin’s long -term perspective is the strongest that has been,” they wrote. “With the sovereign and institutional advance of adoption, the ETF rails expand worldwide, and the cryptographic policy of the USA. UU. In a more positive way, BTC is evolving to a global asset of the macro reserve.”
