Bitcoin exceeds the barrier of $ 99,000 as global commercial transactions
Bitcoin officially exceeded the $ 100,000 mark today, crossing this historic threshold after weeks of momentum upwards.
This US-UK agreement reports the potential de-escalation of global trade tensions, improving the appetite for risks on the financial markets.
Meanwhile, the trip of the Secretary to the United States of the Treasury Scott Bessent to Switzerland to meet the Chinese officials of the Ministry of Commerce sparked additional optimism. “Current prices and trade barriers are not durable, but we don’t want to decoupled,” said Bessent when he was announced.
These diplomatic initiatives have contributed to a wider cryptocurrency market rally, total market capitalization increasing by around 2.5% in the last 24 hours to reach $ 3.09 today.
The decision comes despite President Trump’s growing pressure, who recently threatened to dismiss Powell to be “too late” in reduction rates. Powell defended the position of the Fed, noting that “inflation has dropped a lot but exceeded our length of 2% longer”.
After Powell’s remarks, Bitcoin initially dropped below $ 97,000 but quickly rebounded, demonstrating the resilience that focused on today’s success.
Several large financial institutions maintain bullish projections for the future of Bitcoin.
Standard Charterd, through analyst Geoff Kendrick, plans that Bitcoin reaching $ 120,000 by the second quarter of this year and $ 200,000 by the end of 2025. Their long -term prospects suggest $ 500,000 by 2028.
Matthew Sigel de Vaneck projected a peak of around $ 180,000 in 2025 in a double cycle scenario. Although Vaneck did not specify an official objective of 2030, they anticipate new heights beyond 2025, potentially exceeding $ 400,000 in the next cycle.
The bullish is perhaps Ark Invest, led by Cathie Wood, which maintains a basic case of $ 1.2 million by 2030, with an optimistic scenario of $ 2.4 million and a conservative estimate of around $ 500,000.
As Bitcoin stands above $ 100,000, investors are looking at whether this psychological threshold becomes a new level of support for new progress towards these institutional projections.
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