Although President Trump performed his trade war on Wednesday, Bitcoin remains stable. That is even after US shares and the dollar has hit hard in recent days.
The price of the largest digital currency was recently $ 82,876 per coin, Coingecko shows. It is effective even in the last seven days, while the S&P 500 had just the worst day since June 2020.
Experts told Decrypt That the possession had shown “impressive resilience” in the face of Trump’s so -called Liberation Day, with the active and other top coins that bounce back on Friday after they fell next to shares on Thursday.
Some even felt bullish, with crypto analysts who predict a goal of $ 200,000 by the end of the year.
ETF promotion
Bitcoin ETFs saw four of the five days out this week, although the negative action was partially compensated by a large day of positive streams on Wednesday – perhaps when investors treated the Bitcoin funds as a store of value for expected problems.
Show data from Farside Investors for $ 165 million for the week. Since Bitcoin is almost 24% lower than the high price of almost $ 109,000, do investors see a buying option?
Grayscale expands ETFs
They may be – because more products are released for American investors: Crypto Asset Manager Grayscale said this week that two new products have started acting.
The Bitcoin Cover Call ETF (BTCC) and Grayscale Bitcoin Premium Income ETF (BPI) provide investors to the price movements of Bitcoin through covered on -call strategies with which investors can buy shares that they already have at a given price.
It also did not stop there – the fund manager also submitted to the SEC to convert his private digital Large Cap fund into an ETF. Together with Bitcoin it also provides investors to Ethereum, XRP, Solana and Cardano.
Tether buys more
Stablecoin Giant Tether said that in the first quarter of this year it had bought 8,888 bitcoins for around $ 735 million, which yielded his total company at 92,646 Orange Coins.
The company, which publishes the prominent USDT -token, has actually bought it aggressively after he had promised in May 2023 that it would allocate up to 15% of its net that the operational profits of Bitcoin are stacking.
Bitcoin to the moon?
Although the markets get a beating if traders try to find out what the aggressive economic policy of President Trump will bring, Bitcoin does not come. And those in the room even predict that the weather will rise beyond $ 100,000 per coin.
Bitcoin has the habit of doing the unexpected – will the active investors continue to surprise?
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