Bitcoin price fed by billions of traditional money coming from Wall Street

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  • Bitcoin currency increased by more than 25 % on an annual basisReaching record levels exceeding $ 122,000, and fueled by huge flows from Wall Street, including $ 85 billion of investment funds circulating in the new bitcoin during the past year or so. Traditional capital also reduces bitcoin fluctuations. The low value of the US dollar also helps.

Throughout the world, since its lowest level in April, stock markets rose strongly, as it provided a historical gathering a bull. The wide S&P market rises by 6.58 % of the year. But this seems weak next to Bitcoin, making record levels new yesterday, exceeding $ 122,000 per coin. Bitcoin has decreased more than 2 % this morning as speculators close their gains, but the cryptocurrency still rises more than 25 % so far.

Interestingly, I struck this teacher with less volatility than his historical record, according to the research she conducted German bank.

There are a set of reasons for this, of course, including the Trump administration’s regulatory support. But the main reason for the height of Bitcoin is the old cash through the traditional financing sector. luck.

The amounts are amazing.

  • There were $ 35 billion in flows of investment funds circulating in the new Bitcoin offered by Wall Street Boxes in 2024.
  • There have been 50 billion dollars in other flows this year so far.
  • “Last Thursday alone witnessed a one -day flow of $ 1.17 billion in the Bitcoin investment funds,” says DB.
  • IShaares Bitcoin Trust has $ 80 billion on BlackRock – IShaares BitCoin Trust has $ 80 billion – it was only for 18 months.
  • It took SPDR Gold Shares ETF 15 to hit this level.

The fixed flow of traditional funds reduced bitcoin fluctuations – one of the assets lost on multiple occasions most of its value. “This sharp increase has helped with ETF flows with Bitcoin’s liquidity and keep encryption trading in a relatively more hard -line scale compared to previous years,” says Lapory and Siazon.

Another factor that nourishes Bitcoin: the decline in the US dollar. The dollar lost nearly 10 % of its value against foreign currencies this year on the DXY index. Investors are looking to store criticism elsewhere. “With the United States signing its tax bill in law this month, as it effectively detained a 6.5 % -7 % deficit of GDP for the next few years, we started watching the disposal direction (the dollar index decreased near -10 % YTD), prompting investors towards alternative assets such as gold and bitcoin,” the note says.

Here is a snapshot of the procedure before the opening bell in New York:

  • Consumer price index to update It is scheduled at 8:30 am. The current rate is 2.4 %, analysts expect 0.3 % to 2.7 %.
  • S & P 500 futures contracts It increased by 0.31 % before the market and the basic index increased by 0.65 % yesterday.
  • Hong Kong Hang Singh 1.6 % rose this morning.
  • Japan Nikki 225 It was 0.55 %.
  • Stoxx Europe 600 He added 0.3 % in early trading.
  • UK FTSE 100 It was flat in early trading but was about to penetrate the 9000 level for the first time.
  • Bitcoin 2.56 % to 116 thousand dollars drowned.
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