Bitcoin has just surpassed the $109,000 mark. This rise is driven by a wave of positive macroeconomic news. Institutional appetite is resurfacing, but the question remains: does this movement mark the beginning of a real bull market? Full analysis!
According to data, BTC shows a 2.5% increase in 24 hours. Its price even reached $109,600. An unprecedented level since mid-June!
Crypto experts agree on one point: this surge is largely fueled by an increase in global liquidity, illustrated by the rise in money supply (M2) and the easing of trade tensions. They notably refer to the agreement signed between the United States and Vietnam. This seems to revive optimism in the markets. The deal envisions tariff reductions from 46% to 20%.
Some crypto analysts highlight the growing role of institutional investors in this cycle, even though retail participation remains low. The lowest exchange volume recorded on CEXs in nine months is proof of this.
Despite this rebound, analysts urge caution. Bitcoin remains hanging by a thread: that of interest rates. A clear direction from the Fed, combined with new inflows into ETFs could thus serve as a trigger to aim for a new peak.
Decoding: Without sustained catalyst, bitcoin could remain trapped below its previous records.
In the background, the growing interest of large companies holding bitcoin as a reserve asset fuels the idea of a structural role for crypto in finance.
On the other hand, altcoins struggle to keep up. Their performance remains correlated with the decline in on-chain activity and regulatory wait-and-see. The future of the ecosystem will therefore heavily depend on upcoming regulatory announcements and trading strategies implemented by major players.
Admittedly, bitcoin has crossed an important psychological threshold. However, the real test is yet to come. If macro and institutional signals converge, the market could well experience a historic summer. Stay tuned…
