Bitcoin and the largest cryptographic markets changed little in the last 24 hours with funds quoted in the stock market (ETF) that track the asset that attracts more than $ 590 million in tickets on Monday, extending a six -day streak.
That marked a week of tickets for the first time since the end of March, arriving as the appeal of Bitcoin as a safe asset, continues to win the favor among investors. The Blackrock Ibit LED flows to $ 970 million, while Arkb of Ark lost $ 200 million. BTC remained above $ 94,000 in the Asian morning hours on Tuesday, a resistance level whose merchants say that merchants say that the road to a movement towards $ 100,000 could clear.
XRP, Ether (eth), the card of Cardano and the BNB of the BNB chain remained planes, while the sun of Solana fell 2%. Monero (XMR) fell 8.5% after a sudden 40% increase on Monday, a movement that occurred when a hacker changed more than $ 330 million BTC to the token focused on privacy, due to outstanding blockchain Zachxbt detective.
Among the middle layers, Nexus (link) was approaching 8% after announcing that it would return to the US. After a two -year regulatory pause with an approach to AI applications.
The eye releases of some merchants next week for signals on positioning, with the feeling of the market generally detained after US tariffs.
“Bitcoin and the broader cryptographic market have maintained profits obtained last week. At this time, merchants are waiting for GDP, unemployment data and a series of other economic data indicators that will be launched in the United States this week, so it has not yet changed much,” said Jeff Mei, Coo in Btse, Codendesk in a telegram message.
“The US dollar continues to immerse, since institutional investors diversify their holdings in other currencies. This could explain why Bitcoin’s demand has also been strong,” Mei added. The widely tracked dollar index, a backback measure against six global currencies, has dropped almost 6% in the last month, its largest fall since 2022.
In other places, a correlation between Bitcoin and an increase in the supply of money M2 is gaining ground among some merchants. However, responses to viral online publications that overlap the two graphics seem to be exaggerated in their eventual impact on prices.
M2 Supply is the total amount of money in an economy, which includes cash, current accounts, savings accounts and other easily accessible funds. Bitcoin prices can increase if M2 increases because people can buy BTC to protect their wealth from inflation. On the contrary, if M2 shrinks, Bitcoin prices could fall since investors avoid the most risky bets.
“One of the recent and predominant narratives suggests that BTC is about to break as a delayed reaction to the increase in money supply M2,” said Augustine’s head of ideas in Signalplus, Coindesk in a Telegram message.
“While we are not strict subscribers of this point of view, since there are many more nuances behind the data, we are optimistic in BTC in the medium term due to the expectations of monetary and fiscal relaxation in response to decelerations driven by rates,” Fan added.
