Bitcoin strikes new heights daily, but experts warn against “crisis mode” gathering

Photo of author

By [email protected]


The historical assembly of Bitcoin continues without any signs of slowdown.

The most famous cryptocurrency in the world reached the highest level throughout the night from Sunday to Monday, as it briefly exceeded the symbolic threshold of $ 123,000 before declining slightly. By 6:00 am Each time, it was hovering about 122.013 dollars, according to the data from Coingecko.

This amazing increase represents an increase of more than 30 % in the price of bitcoin since January, which exceeds gold and feeds the narration that bitcoin is the new “digital gold”.

ETF effect

Analysts attribute a lot of momentum to the increasing institutional interest, largely driven by the investment funds circulating in Bitcoin, and new investment products that allow ordinary investors and financial institutions to buy shares that follow the price of bitcoin, without the need to own the cryptocurrency directly.

The plans on social media show that the instant ETF flows in Bitcoin have reached their highest levels ever, reflecting the constant demand from big investors. Coinbase expected a huge second wave of capital that enters the market as soon as the financial advisors in the United States are allowed by law to recommend bitcoin permits for their customers. This opens the door for billions in providing retirement, pension funds and other traditional investment flows that are transferred to Bitcoin.

Congress and encryption and the future of financing

Bitcoin climbing timing is not a coincidence. It comes with the start of Crypto Week in Washington, DC, it is a high -risk political moment for the encryption industry. Located bills are studying many bills that can reshape how digital assets in the United States. These include:

  • Partition of the legal status of Bitcoin and other encrypted currencies
  • Change the oversight to the CFTC Futures Trading Committee (CFTC)
  • Legalization of the use of stablecoins in daily payments
  • Banning the digital currency of the Central Bank in the future (CBDC)

Bitcoin against gold

Bitcoin’s rise was put before all other major assets in 2025.

“Gold (+28 %) and Bitcoin (+26 %) are now the most important main assets so far in 2025,” indicated by Charlie Bellylo, the largest market strategy in creative planning. “We have never seen these two in sites No. 1/ #2 for any evaluation year.”

Bitcoin’s brand has strengthened as “digital gold” and added to its attractiveness within a year characterized by fears of inflation, currency fluctuations, and geopolitical uncertainty.

Not everyone is celebrating

However, some market monitors are looking for a warning about the pace and nature of the gathering. The team behind Kobeissi, a widely followed financial newsletter, refers to a disturbing paradox: Bitcoin rises while interest rates remain high, a group that challenges traditional economic models. They are afraid that Bitcoin entered a dangerous new stage.

“This is not” natural “, they wrote.” We have reached a point where Bitcoin moves in a higher literal line. Prices rise, and the US dollar has decreased by -11 % in 6 months, and encryption rose +trillion dollars in 3 months. What happens?

They link this crisis directly to the huge government spending, noting the acceleration of the assembly after the recent spending package of President Trump.

“Bitcoin has reached a point that literally makes it at all times several times a day. Since the US House of Representatives has passed” Big Beutiful Law “for President Trump on the third of July, Bitcoin rose to $ 15,000.”

Their conclusion is a blatant warning to anyone who watches the markets.

“If you do not alert the increase in gold prices, the bitcoin must.”





https://gizmodo.com/app/uploads/2023/08/3a333dc0a73e33c91134114af055080b.jpg

Source link

Leave a Comment