Bitcoin The money traded on the Stock Exchange (ETFS), an investment in the stock market that tracks the price of bitcoin, attracted more than $ 2.5 billion of investments this week with the recovery of the original cryptocurrency to its highest new levels.
He saw the investment funds circulated in Bitcoin The largest flow In weeks, the main currency regained its recent losses and got the highest new level ever of $ 111,000 on Thursday. Ibit, Bitcoin Boxes issued by asset management giant Blackrock877 million dollars were obtained on Thursday, which is the largest day flow for any investment funds circulating in history, according to Eric Balunas, ETF analyst in Bloomberg.
“4 dollars The number 1 was among all the investment funds circulating in the flows yesterday, “Balunas books on x Friday. The purchase procedure was attributed to the excitement about the highest new level in Bitcoin ever, saying that the achievement is “a secondary product of the drought caused by ATH.”
Bitcoin ascended to its highest level after President Trump retracted the customs tariff Chinese imports From 145 % to 30 % last week, there is a major escalation of the commercial war looming between the two countries. However, the currency fell to $ 108,000 on Friday, as Trump threatened to impose additional fees on European Union.
Financial markets were severely beaten in early April when Trump announced a large number of signs on almost all foreign imports, as well as a 10 % foundation tariff. After this announcement, investors of risky assets such as Bitcoin and stocks have fled with fears that the tariff tariffs will increase inflation and disrupt global supply chains. However, with Bitcoin’s decrease in addition to the collapse of the historic stock market, Trump authorized a temporary stop for 90 days on most of the customs tariffs-in maintaining Chinese imports and a 10 % basic tax-as he negotiates with foreign countries.
Since then, the stock market has been volatile as Trump has been participating in commercial talks with China, the United Kingdom, the European Union and others, but bitcoin continued to rise steadily. Some leaders of the encryption argue that the difference of bitcoin from the stock market proves its value as a separate currency from inflation because it is not governed by a central entity.
Matt Hogan, chief investment official at ETF Issuer BitWise, said, luck Bitcoin is an effective hyperplasia, very similar to gold. He said that investors are rushing to the investment funds circulating in Bitcoin to protect their governor from inflation and other macroeconomic factors that affect traditional currencies in traditional currencies.
Hagan said: “Bitcoin proves splendor as Macro’s hedge against Fiat Fiat at the moment the world wakes up to the need for this hedge.”
This story was originally shown on Fortune.com
https://fortune.com/img-assets/wp-content/uploads/2025/05/GettyImages-2215820926-e1748019188837.jpg?resize=1200,600
Source link