Bitcoin has surged past $100,000, highlighting strong spot market demand and recognition of political factors creating investor optimism.
Impact of Spot Market on Price Rise
According to K33 Research, Bitcoin's price exceeding $100,000 emphasizes the influence of spot trading on this rise. The surge is characterized by significant spot market activity instead of high-risk leverage. Daily trading volume reached $3.9 billion.
Political Factors and Their Market Impact
Experts from K33 note that political factors, particularly rhetoric from Donald Trump, play a crucial role in current market sentiment. "Trump's policies are the main driver of the markets. His pro-crypto rhetoric creates upward pressure on the markets," analysts observed. Such statements contribute positively to market perception.
Comparison with Previous Market Cycles
The rally is not accompanied by significant activity in derivatives markets, suggesting a more stable state for Bitcoin. The lack of substantial leverage indicates a more sustainable trajectory, unlike previous cycles marked by high volatility. Spot market dynamics may also attract new institutional interest.
Bitcoin's rise above $100,000 may signal a shift towards more fundamentally driven market changes. If this trend persists, it could lead to policy changes supporting crypto adoption.
