The recent price increase of Bitcoin brings it closer to a new all-time high, while news about cryptocurrency and changes in U.S. policy are crucial factors in this growth.
Cryptocurrency Market Gains Support from New Data
On Wednesday, inflows into U.S. spot Bitcoin ETFs reached over $547 million, marking a 12-day winning streak. This highlights strong institutional interest in Bitcoin.
Technical Analysis and Expectations of Bitcoin's New Record
Currently, Bitcoin is showing a strong recovery. According to cryptocurrency analyst Ran Neuner, Bitcoin may reach a new all-time high in just 42 days, underscoring a gradually strengthening price momentum.
Impact of Jerome Powell's Comments on the Cryptocurrency Market
Comments made by Federal Reserve Chair Jerome Powell regarding potential interest rate cuts this year also support market optimism. According to him, rate cuts in July, September, and December typically drive up risk-on assets.
Thus, Bitcoin stands on the brink of a new all-time high, driven by increasing institutional interest and support from new financial policy decisions. Investors remain attentive to further developments that may impact its value.
