In this photo, a bitcoin logo is shown to a bitcoin logo on a smartphone, which is with the stock market percentage in the background.
Omar Marx | Sopa Picture | Lightrocket | Getty images
Bitcoin After Bitcoin ETFS, growing up for the new record overnight, extended its rally on Friday, looked at its biggest day of the year inflow.
According to the coin matrix, the flagship cryptocurrency was 3% higher at $ 117,297.10. Earlier, it rose as $ 118,872.85. Ether Growed by about 6% at $ 2,976.90. Earlier, it was above the level of $ 3,000 for the first time since February.
Stocks tied to the price of bitcoin were away from their height. Pure Play Minors Mara holdings And Riot platform Got 2.5% and 1.5% respectively. Bitcoin proxy Microstrate About 3%received. Crypto trading provider coincidence And Robin 1%received.
Bitcoin this week
On Thursday, Bitcoin ETFS logged its biggest day of 2025 to $ 1.18 billion. Ether ETFS recorded its second largest day at $ 383.1 million, according to Sosowale.
After the release of the latest Federal Reserve Meeting, the rally started more slowly on Wednesday, Which showed a deviation among the officials How aggressively they will be ready to cut interest rates. Bitcoin also helped by a rally in tech shares, escaped closer, reached it First new record from 22 May,
10x Research CEO Marcus Thielen said, “When we actually began to take out the top range,” said Marcus Thilain, CEO of 10X Research. He said, “It is hoping that anyone who comes to lead the fed is also known that we also know that the budget has been pushed under the rug to save the deficit,” he said, “he said,” a big beautiful bill act, “who is expected to increase the federal deficit – and who can be a positive curator for bitcoin.
This week’s move triggers a large wave of high liquidation. In the last 24 hours, bitcoin has seen more than $ 650 million in small liquidity and more than $ 215 million. When traders use leverage for small bitcoins and the price of cryptocurrency increases, they buy bitcoins from the market to close their positions, which increases the price and causes more positions to cause more positions.
Fed Independence has been a subject for institutions going back on 17 April. When Bitcoin ETF got influx, and when President Donald Trump indicated that “” “” “Conclusion“Federal Reserve Chairman Jerome Powell may be required to see the central bank’s stand on interest rates. Since then, Inflow has increased by about $ 16 billion.
Are investors Expect bitcoin to access new records In the second half of the year as a corporate treasure Acceue buying their bitcoin And the Congress gets closer to passing the crypto law. According to Thilan, a macro event will take a macro event to knock or suppress the price of bitcoin.
“Pavel Fed Meeting may change the month’s end end, and perhaps he will not,” Thielen said. “So we have to take the market relatively short -term, because there are no real macro catalysts during summer, and generally, long -standing equity investors also bring back their risk in summer.”
For the week, bitcoin is on track for about 10% profit, while Ether is more than 20%.
