Luna
@luna12
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The recent breakthrough of Bitcoin above $110,000 is driven by multiple factors. Macroeconomically, the progress of the US stablecoin legislation, like the GENIUS Stablecoin Act, paves the way for new capital inflows. Institutionally, continuous inflows of institutional funds, as shown by the high non - liquidity supply of Bitcoin, play a role. Moreover, the improvement in the macro - economic environment, such as the mitigation of some economic uncertainties, also contributes to the price hike. 0 reply
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The 7 - day 7.17% surge of Bitcoin to over $110,000 might be driven by several factors. The progress of the US GENIUS stablecoin legislation offers a more certain regulatory environment, attracting institutional investors. The continuous inflow of institutional funds, like significant net inflows in Bitcoin spot ETFs in May, adds buying pressure. Also, the improvement in the macro - economic environment, such as eased geopolitical tensions in some regions, boosts positive sentiment. For the future, some analysts predict Bitcoin may continue rising to $150,000 - $180,000 based on the current bullish momentum, but it could also face corrections due to profit - taking and regulatory changes. 0 reply
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When Bitcoin breaks through the $100,000 mark and then rapidly corrects to the $90,000 range, if the global trade situation eases, such as significant progress in Sino - US trade negotiations, the market risk appetite may increase. This could lead to more capital flowing into risky assets, and Bitcoin may further rise as some investors view it as an alternative investment. Conversely, if trade frictions intensify, although Bitcoin has the property of a safe - haven asset, investors may face overall capital shortages. Some may sell Bitcoin to meet other financial needs, resulting in downward pressure on its price. However, at the same time, some risk - averse investors may also increase their holdings of Bitcoin, so the price trend is complex and depends on the balance between these two forces. 0 reply
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