The most important reasons that make Bitcoin price (BTC) has recovered over 110 thousand dollars today
After increasing more corrections last week after the repercussions of the relationship between Elon Musk and President Donald Trump, the Bitcoin price (BTC) has frequently recovered. The leading currency has increased more than 4 percent over the past 24 hours to reach the highest local level of about $ 110,260, less than 2 percent of its highest level ever, on Monday, June 9 during a session of late North America.
The broader Altcoin Market, led by ETHEREUM (ETH), follows side by side. As a result, the total open interest in encryption (OI) increased by more than 6 percent to hover about 154.8 billion dollars at the time of this report. In addition, more than $ 403 million from the encrypted market, led by Bitcoin $ 197 million.
The main factors that affect the Bitcoin gathering today
A favorable organizational environment
As said Coinpedia, the head of the US Securities and Stock Exchange Committee (SEC), Paul Atkins, has repeated the importance of self -needs for encryption origins and clear regulatory frameworks of Defi protocols.
The preferred regulatory frameworks in the United States will have a ripple effect in other countries, which allows more dependency dependence by institutional investors.
High demand from institutional investors
The total total of Bitcoin has continued on the central stock exchanges significantly in the past few years, which is stimulated by the high demand from institutional investors. Strategy Inc. Dozens of companies in implementing the Bitcoin Treasury Management Plan.
The investment funds circulated in the United States in the United States continued to accumulate unnecessarily, thus registering the fastest growth of ETF to $ 70 billion in modern history.
Total economic expectations
BTC price continued to grow in the recent past along with global liquidity rise. In addition to the preference of technical aspects, as the daily time frame in BTC recorded a golden cross between 50 and 200 mAh, the leading currency recorded wonderful gains fueled by the short -term uncertainty in the American economy, which is struggling with a historical debt crisis.
