Bitcoin's price has recently surged to nearly $110,000, marking a new all-time high as market sentiment improves following last month’s tariff-induced sell-off. After reaching $109,693, Bitcoin retreated to around $106,000 amidst concerns over rising Treasury yields and fiscal uncertainty in Washington. The surge caps a five-week rally driven by institutional inflows, dollar weakness, and optimism around increased regulatory clarity. Analysts suggest if pullbacks remain limited, Bitcoin could reach new highs, reflecting its appeal as a haven asset amid traditional market volatility.
"Price action in Bitcoin looks outright bullish," Chris Weston, head of research at Pepperstone, told Barron's on Wednesday. "If the pullbacks remain limited and well supported, then a new record high could come into play."
As risk sentiment erodes in traditional markets, investors are increasingly turning to Bitcoin as a haven asset. This shift comes amid growing concerns over economic growth and fiscal policy.
Collection
[
|
...
]