Bitcoin reaches 103 thousand dollars after 23 % of the monthly jump: What provides the increase?
Perhaps the largest driver of the current Bitcoin momentum is the flood of institutional capital. On May 8, 117.46 million dollars in total net flows for the traded investment funds, led by:
The total value of the net assets of Bitcoin Spot ETFS is now 118.66 billion dollars, or about 5.82 % of the total market value in Bitcoin, which is the highest historical level. This not only indicates the increasing institutional interest, but the constant belief in Bitcoin as a long -term store for value.
By giving more ideas about the current scenario, Pankaj Balani, co -founder and executive director of Delta Exchange, shared that Bitcoin wore, backed by a federal reserve decision to maintain fixed interest rates. “BTC has approached a brand of $ 100,000, liberated from a week -long unification period that kept merchants on the edge. The American encryption scene, which is active through recent organizational developments and a wave of enthusiasm, provides a fertile background for this rise.
“In Exchang, the PUT/Call (PCR) percentage of the weekly options for Bitcoin is about 2.3. This was motivated by the big writing on the negative side. There was also comfortable in upward calls.
