Bitcoin boosts between $ 91 thousand-102 thousand dollars with continued geopolitical tensions: BitFinex Alpha

The past seven days have witnessed that Bitcoin (BTC) homes between $ 91,000 and $ 102,000. Crypto Exchange bitfinex analysts revealed that the coding currency stagnation in this range has extended the monotheism to more than 75 days.

According to the latest version of BitFinex Alpha a reportThe long -term Bitcoin movement reflects its maturity as the origin and decreasing fluctuation, which has a lowest level ever. However, it also indicates that BTC is now acting more like a risk, in line with traditional stocks, more than one value store, which has been referred to often.

BTC extends the stage of monotheism

The stretching phase of Bitcoin does not deny the reaction of assets to the total economic conditions, especially the announcements of US President Donald Trump against China, Canada and Mexico.

While BTC responds to macro developments, its association with traditional stocks continued to keep them. The cryptocurrency is now among the largest assets in the world, with a market cost of about $ 2 trillion, and outperformed heavy weights such as silver, Saudi Ramco and dead. “This highlights the growing BTC influence and its importance in the global financial scene.

It is worth noting that the diving in the references to the bitcoin fluctuations that the origin is stable despite the short -term fluctuations. This indicates that the broader global college forces play a more important role in their performance.

BTC He was At a value of $ 98,275 at the time of writing this report, with no significant changes in prices last week and 24 hours. Less than $ 100,000 remained during the past week.

Risk assets, storage less than value

BITFINEX also indicated that investors are increasingly viewing BTC as “high -risk assets” instead of a value store referred to as digital gold. Bitcoin’s last market behavior highlights the enhanced bond with the S&P 500, but a decline in the correlation with gold.

“This shift indicates that Bitcoin is increasingly behaving like assets of risks, and more compatible with traditional stocks, rather than maintaining its original store to list value. This variable dynamic is one of the main considerations of investors as they evaluate the Bitcoin position in their portfolios and role in the wider asset category. From encrypted currencies.

While BTC recorded an increase of 3.5 % this year, gold at the forefront made a 9.02 % increase, reaching the highest level ever at $ 2,880 an ounce earlier this month. According to BitFinex, gold is a more firm store than BTC.