Bitcoin has once again reached $109,600, a significant rise driven by positive macroeconomic news and renewed institutional interest.
Bitcoin and Global Liquidity
In the past 24 hours, Bitcoin's price has increased by 2.5%. This is linked to a rise in global liquidity, observed amid increasing money supply and a temporary easing of trade tensions. A significant event is the agreement between the US and Vietnam to reduce tariffs from 46% to 20%.
Need for a Catalyst to Set New Records
Despite the current rise, analysts urge caution. Bitcoin is susceptible to changes in interest rates, and a decisive direction from the Federal Reserve combined with new inflows into ETFs might serve as a trigger for reaching new peaks. The lack of a sustained catalyst may keep Bitcoin trapped below previous records.
Altcoin Market and Its Dynamics
Meanwhile, altcoins continue to struggle, with their performance correlated to the decline in on-chain activity and waiting on new regulatory initiatives. The future of the ecosystem will heavily depend on upcoming regulatory announcements and trading strategies implemented by major players.
Bitcoin has crossed an important psychological threshold, but the ultimate confirmation of hopes for a new bull market rests on macroeconomic and institutional signals.
