Bitcoin continues to bring joy to its investors, reaching $87,000 amid expectations of changes in US monetary policy.
Bitcoin's Rise and Arthur Hayes' Predictions
BitMEX founder Arthur Hayes suggests that Bitcoin could hit $110,000 before dropping to $76,500. Hayes attributes this to the Federal Reserve's policy shift.
Impact of Fed Policy on the Market
In the coming week, the focus will be on the US core PCE price index, which may influence investors' attitudes towards risk.
Institutional Interest in Bitcoin
Demand for Bitcoin from institutional investors is on the rise. US spot Bitcoin ETFs are popular, and firms like MicroStrategy and Metaplanet continue to accumulate BTC.
Increasing institutional demand and expectations of a Fed policy shift may continue to support Bitcoin's bullish trend.