The price of bitcoin begins the weekend – and in the new month after falling below the mark of $ 115,000 on Friday 1 August in the new month in Wustability Wy. Now the United States President Donald Trump sits below the level of $ 113,000 after the recent nuclear threat.
This recent movement has provoked market-wide conductors about the POS cause of bitcoin, which has reached the top price in the current cycle. However, the consensus appears that the price of BTC ($ 114,020.00) still has the ability to up at least one more legs before reading, before he reached its quila peak.
BTC can re -see East High in near period: Analyst
In a Quicktech in terms of BTC market, Crypto Pandit highlighted changes in the world’s largest cryptocurrency exchange, the world’s largest cryptocurrency exchange by trading volume.
Cryptoctive data shows that Binance registered more than $ 7.6 billion daily BTC spot volume, marking the most significant growth in recent weeks. However, this remarkable spike in trading activity with a dip in the prime of bitcoin ranges from $ 118,000 to $ 113,000 to about $ 113,000, which reflects volatility and merchant.
Taha stated that, from a historical point of view, spot volume spikes of this magnitude – on June 22 saw an increase of $ 7 billion – correlated with local bottles or major values. Therefore, the latest jump representative in bitcoin spot volume count renewed the investor’s demand and eventually may be faster to the market leader.
In the macroeconomic context, Taha highlighted that the net liquidity of the US Federal Reserve also saw a significant growth on Friday, which jumped from $ 6.17 trillion from $ 6.17 trillion. For more reference, pure liquidity is usually taken care of an important macro driver for risk property such as bitcoin.
For example, a pure liquidity spike implies that more fiat money is orbiting in the financed system, which may cause drugs, cryptocurrency and other risk-changes. Therefore, the pure liquidity of the fed has increased, historically coined with rapid change in markets, as seen in the late 2023 and early 2024.
Ultimately, Taha concluded that a combination of increase in bitcoin spot volume on the net liquidity of the fed and can determine the platform for rapid continuity for the flagship cryptocurrency.
Bitcoin price at a glance
As this writing, BTC is priced at $ 112,600 showing a decline of more than 1% in the last 24 hours.