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In this photographic illustration, a Bitcoin logo seen on a smartphone with market percentages in the background.
Omar Marques | Soup images | LIGHTROCKET | Getty images
Bitcoin He extended his rally on Friday, increasing to new records during the night after Bitcoin Etfs saw his greatest day of entries of the year.
The price of cryptocurrency was higher at 4% to $ 118,029.00, according to Coin Metrics. Previously, it increased to $ 118,872.85. Ether It increased almost 7% to change above the level of $ 3,000 for the first time since February.
The measure helped the actions related to the price of Bitcoin. Pure Play Miners Mara Holdings and Riot platforms He won 3% each in trade prior to commercialization. Bitcoin proxy Microstrategy It also won 3%. Circle and cryptographic trade suppliers Coinbase, Robinity and ETORO They changed little.
On Thursday, Bitcoin ETFS registered its largest day from tickets from 2025 to $ 1.18 billion. The ETF of Ether registered their second largest day of tickets at $ 383.1 million, according to Sosovalue.
The rally began more slowly on Wednesday, after the publication of the minutes of the last meeting of the Federal Reserve, which showed a divergence among officials over how aggressively they would be willing to reduce interest rates. Bitcoin, also helped by a rally in technological actions, came to an end, reaching its first new record since May 22.
“That’s when we started getting the upper range,” said Markus Thielen, CEO of 10x Research. “It is expected that whoever comes to lead the FED will be cheated below. We also know that saving the budget deficit has been pushed under the carpet,” he added, nodding the “Law Big Big Beautiful Bill”, which is expected to increase the federal deficit, and that it can be a positive catalyst for Bitcoin.
Bitcoin this week
The highest week’s movement activated a large wave of short liquidations. In the last 24 hours, Bitcoin has seen more than $ 650 million in short liquidations and ether more than $ 215 million. When merchants use the strange Bitcoin’s leverage and the price of cryptocurrency increases, they buy Bitcoin back from the market to close their positions, which pushes the price and makes more positions liquidate.
Fed Independence has been an issue for institutions that date back to approximately April 17. It was then that the entrances in the Bitcoin ETFs increased, and when President Donald Trump hinted that the “termination” of the president of the Federal Reserve, Jerome Powell, could be necessary given the position of the Central Bank on the interest rates. Since then, tickets have grown to almost $ 16 billion.
Investors have expected Bitcoin to reach new records in the second half of the year, since the corporate treasure bonds accelerate their purchase outbreaks of Bitcoin and Congress approaches to approve cryptographic legislation. According to Thielen, a macro event would be needed to reduce the price of Bitcoin or delete it.
“Powell could become an end of the month at the Fed meeting, and maybe he doesn’t do it,” Thien said. “Therefore, we have to take the market relatively in the short term simply because there are no real macro catalysts during the summer, and normally, long -standing capital investors also return their risk to summer.”
For the week, Bitcoin is on the way to a gain of almost 10%, while Ether increases more than 20%.
