Bitcoin as Trump has made great progress with China

After President Donald Trump made a big progress at a meeting in Switzerland, Bitcoin reached $ 104,900 on Saturday evening.

Trump described the discussion in a statement about the truth society, constructive, friendly, and the results as full reset. In his relationship, he made a new effort to establish a Chinese market in a US company and a US company.

“Many things discussed and agreed with many things,” Trump said. “The complete reset is a friendly but constructive way. We want to see China’s opening to the US business for the benefit of China and the United States. Great progress has been made !!!”

The market has been interpreted as a positive sign of relieving global tensions, helping to extend Bitcoin’s already optimistic momentum, and early this week, it was promoted by macros and institutional factors.

Fed Flexibility and ETF flow support Bitcoin’s latest brake out.

Many factors have supported Bitcoin’s upward momentum.

On Wednesday, the Fed Chairman Jerome Powell reassured the market by revealing the preparation of the central bank, which would reduce interest rates when the conditions were guaranteed, controlled in inflation and relieving tariff tension. Bitcoin extended the rally to $ 100,000 before it took $ 99,000 in the middle of the week.

According to Bitfinex Analysts, more than $ 100,000 movements reflect actual demand, not speculative excess.

Bitfinex Analysts said in a statement, “Back to more than $ 100k of Bitcoin is a clean brake -led by powerful foundations and improved macro optics. This creates a “policy selection” regime.

The analysts also pointed out the reduction in exchange balance as a sign of powerful spot ETF inflow, powerful warm chain accumulation and actual demand.

Bitfinex Analysts said, “On the surface, the spot ETF flows are particularly hard, but the open interest is high, but there is not much foam, and the funds are neutral, and this is actual demand, not a lover -centered price pursuit.

The US listed SPOT BITCOIN ETFS recorded strong performance this week, with a total inflow of more than $ 1 billion and more than $ 990 million out of four positive trading days.

Blackrock’s Ishares Bitcoin Trust has expanded the championship as a continuous transaction by maintaining its position as the largest Bitcoin fund.

The analysts said, “This is not melting, which is a structurally supported movement. As long as the ETF and institutional flow persist and the macroscopic state remains stable.

The new player joins the company Bitcoin game

Bitcoin, meanwhile, is adopting more powerful companies as existing players such as strategies, Mara Holdings and Metaplanet have a new Bitcoin -centric company entering the field and maintaining the accumulation approach.

Earlier this week, the Strive Asset Management, which is supported by Vivek RamaSWAMY, established the Bitcoin Treasury Company, which is publicly traded with asset organizations. The new company aims to maximize Bitcoin exposure with the goal of raising up to $ 1 billion through stocks and debt.

According to CNBC, BTC Inc. CEO David Bailey CEO has raised $ 300 million for a new Bitcoin investment company, Nakamoto. The company has secured $ 200 million in stocks and $ 100 million convertible debt this summer with a NASDAQ listed company.

Joe Burnett, head of Market Research at Unchained, said, “Short -term movements are often noisy, but long -term trends continue to rise.

“We also see more Bitcoin financial firms accumulate Bitcoin using cash flow and financial engineering.

This new facility came out after Cantor Fitzgerald started working with Tether and Softbank to start Twenty, a bitcoin native company that aims to accumulate more than 42,000 BTCs. This initiative, led by Jack Mallers, focuses on building a unique financial product in Bitcoin standards.

Share this article