Bitcoin (BTC) exceeded the USD 105,100 barrier, registering a significant advance in its weekly quotation. The upward movement occurs in a context that reflects the return of investor enthusiasm, as the global trade war unleashed by Donald Trump cools.
The new price represents a highly anticipated amount, after the constant rise that is recorded since May 17. With growth estimated at more than 2%, the price of digital currency is in USD 105.522 at the close of this edition.
Bitcoin had not reached this value since last January, being now only a 3% of its historical maximum of more than USD 109,000.
On this subject, Bitfinex analysts warn that the price still faces a technical resistance to USD 106,000 (with possibilities of several corrections). Then, a consolidation phase would be reached. All this opens the space For a new rallysince the market shows signals of structural strength in the midst of greater integration with the traditional financial system.
The combination of institutional liquidity, improvements in regulatory perception and a favorable macroeconomic environment reinforce the upward thesis for the coming months, analysts indicate. To this is added The psychological impulse to stay above the USD 100,000which could act as support in future corrections.
Joel Kruger, market strategist of the LMAX groupsaid the rise is a sign that «the rally will return with greater impulse.»
For the analyst, the growing global appetite due to the risk and positive perception of regulation, are laying the foundations for a sustained expansion of the sector. He highlighted the position of the president of the SEC, Paul Atkins, who has ratified his intention to turn the US into a cryptocurrency innovation center.
Another factors that have served as catalysts for this expected rebound are the statistics of the Consumer Price Index (CPI) of the month of April, which this time were lower than expected in the United States. A sign that It has been interpreted as a possible relief for the monetary policy of the Federal Reserve (Fed), currently pressured by the impact of tariffs and the persistence of inflation.
It is also known that the market reacted enthusiastically The inclusion of Coinbase (COIN) in the S&P 500 stock index, becoming the first native company of the cryptocurrency ecosystem to achieve this milestone.
As Cryptonoticia reported, this advance of coinbase – which will come into force on May 19 – could activate up to USD 16,000 million the purchase pressure on the company’s shares, which have already risen about 24%. The expectations of a greater BTC appetite of institutional investors.