 ▲ Bitcoin (BTC) |
Cryptocurrency leader Bitcoin (BTC) recovered to the $67,000 level on the 25th (Korean time). This is a 9% decrease from the all-time high (ATH) of $73,750.07 achieved on the 24th. Bitcoin fell from ATH last week and fell to $60,000.
According to investing.com, an investment media outlet, Bitcoin showed a recovery trend, exceeding $67,000, thanks to increased inflow of funds into exchange traded funds (ETFs) and expectations of a 'halving' event in which Bitcoin supply will decrease by 50%.
The media said, “The advance of asset tokenization by BlackRock, the world’s largest asset manager, and the start of the quantitative easing cycle by global central banks also contributed to the bullish sentiment,” and “Despite the positive momentum, major central banks are doves (preferring monetary easing policies).” "Bitcoin's significant recovery was limited due to the strength of the U.S. dollar, which reached its highest level in a month as a negative signal," he said.
According to media, BlackRock introduced BUIDL, a tokenized asset fund on the Ethereum network, introducing the first tokenized fund on a public blockchain. Additionally, the Swiss central bank's unexpected interest rate cut signaled the start of a global easing cycle, with other central banks, such as Mexico's, following suit.
According to cryptocurrency mining platform NiceHash, BTC halving is expected to occur on April 15 (local time).
According to CoinMarketCap, as of 9:34 p.m. on the 25th (Korean time), Bitcoin (BTC), the No. 1 cryptocurrency in market capitalization, is trading at $67,237.
On this day, cryptocurrency analyst and trader Ali Martinez cited the URPD indicator of the realized price distribution of UTXOs (transactions not yet consumed) at a certain price range and said, “If the Bitcoin price exceeds $66,990, there is a possibility that it will rise to $72,880.” “It is high,” he analyzed.
