Bitcoin and wider crypto markets have changed little in the last 24 hours with negotiated funds on the stock market (ETF) which follow the active attracting more than $ 590 million on Monday, extending a six -day sequence.
This has marked a week of entries for the first time since the end of March, as a Bitcoin call as an active in Haven sure continues to win service to investors. The Ibit of Blackrock led flows to $ 970 million, while Arkb of Ark lost $ 200 million. The BTC maintained more than $ 94,000 in Asian morning hours on Tuesday, a level of resistance which, according to merchants, could open the way to a movement to $ 100,000.
XRP, Ether (ETH), BNB of the BNB chain of Cardano and the BNB chain remained flat, while Solana soil was down 2%. Monero (XMR) fell 8.5% after a sudden increase of 40% on Monday, a decision that came as a pirate exchanged more than $ 330 million in BTC to the privacy token, according to the Detective of Blockchain Prominent Zachxbt.
Among the means means, Nexo (Nexo) zoomed out 8% after announcing that he would return to the United States after a two-year regulatory interruption by emphasizing AI applications.
Certain speakers’ eye data outings in the coming week for clues on positioning, with the feeling of the market generally worked after the American rates.
“Bitcoin and the wider market of cryptography supported the earnings made last week. At the moment, traders are waiting for GDP, unemployment data and a number of other economic data indicators that will be published in the United States this week, so not yet a lot of changed” Jeff Mei, COO at BTSE ,, told Coindek in a telegram message.
“The US dollar continues to drop, because institutional investors diversify their assets in other currencies. This could explain why Bitcoin demand was also strong,” added Mei. The dollar index widely followed, a measurement of the greenback against six global currencies, is down almost 6% in the last month – its greatest fall since 2022.
Elsewhere, a correlation between bitcoin and an increase in the money supply of M2 gains ground among certain traders. However, the responses to viral online publications covering the two graphs seem exaggerated in their possible impact on prices.
The M2 offer is the total amount of money in an economy, including species, check accounts, savings accounts and other easily accessible funds. Bitcoin prices can increase if M2 increases because people can buy BTC to protect their wealth from inflation. Conversely, if M2 is shrinking, Bitcoin prices could decrease because investors stand out from risky bets.
“One of the recent and dominant accounts suggests that the BTC is about to break higher as a delayed reaction to the increase in the money supply of M2,” said Augustlplus in a CoindSk in a telegram message.
“Although we are not strict subscribers from this point of view, because there are many more nuances behind the data, we are optimistic about the BTC in the medium term due to the expectations of monetary and budgetary relaxation in response to slowdowns based on prices,” added Fan.
