Bitcoin continues to be compared with gold alongside the U.S. record-high public debt index, while the perception of “spend value” is strengthening among institutional investors.

Last week, when the U.S. Treasury reported total public debt reaching the level of 35.5 million trillion dollars, a trend became evident among some institutional investors that Bitcoin is seen as a hedge against inflation. This development led to $BTC price in the crypto market trading above $108,000 over the last four days, and also delivered the first positive signals that total inflows into spot Bitcoin ETFs have turned positive.

According to market data, $BTC's weekly trading volume exceeded 25 billion dollars, and its average execution price remained around 109,200 dollars. Technical indicators show the support level at 105,000 dollars and the resistance level at around 112,000 dollars, while the RSI index is stable at 58. In addition, $ETH recorded a minimal price increase and is experiencing tight price consolidation at the 2,900 dollar level.

In parallel with macroeconomic data, reports are also coming in that some large-scale institutional investors have opened new Bitcoin positions, which may lead to increased liquidity in the market and price fluctuations moving within a broader spectrum.

#Bitcoin #Makroekonomi #Binance

Sources: cryptocurrency.cv

This news was compiled with the support of artificial intelligence; it is not investment advice. Do your own research (DYOR).