Bitcoin has reached a new historical maximum, crossing the $111,000 mark amid rising investor interest and positive legislative changes.
Impact of Capital Inflows on Bitcoin Price
In recent days, there has been a steady inflow of capital into spot Bitcoin ETFs in the US. Yesterday's figures recorded $608.99 million in net inflows, indicating growing investor interest in this asset.
Political Context and GENIUS Bill
The passage of the GENIUS Act in the US Senate, which regulates stablecoins, creates a positive political environment for cryptocurrencies. The bill received 66 votes in favor, including support from 16 Democrats. Despite opposition, the bill’s support highlights its importance in enhancing legal clarity in the cryptocurrency market.
Forecasts and Future Prospects for Bitcoin
Some analysts believe that Bitcoin could reach the $120,000 level in the coming weeks, while the $100,000 price seems to be solidifying as a reliable support. Growing interest may lead to new records, while the connection with the bullish sentiment around Bitcoin Bull Token also attracts investor attention.
Bitcoin is demonstrating historical growth and active participation in the cryptocurrency ecosystem. Positive legislative changes and increased investor interest could further strengthen this trend.
