Why did the recovery happen in Bitcoin? Will the rise continue?

Crypto para According to Data Provider Cingoin, Bitcoin increased over 4 %over the last 24 hours, over $ 84,000.

According to the market value, the largest crypto currency touched $ 85,000 in the early hours of the day before withdrawing. Rally coincided with a wider recovery in risky assets, with the positive response of the markets to signs of macroeconomic stability and the prominent success of the US government to prevent closure.

According to Strahinja Savic, the head of the Data Analysis of Frrnt Financial, a crypto consulting firm, Bitcoin’s rise reflects the renewed trust in the financial markets. In a Telegram message, Savic said, “Some renewed macro stability shows that Bitcoin and crypton is recovered with other risk assets, and added: ıs Lower inflation figures and the perception of geopolitical risks lightened than expected contribute to the alleviation of macro -concerns and provide a wind of support for Bitcoin”.

He also stated that some Bitcoin investors have fueled the recovery by evaluating the opportunity to “buy the fall”.

Bitcoin’s earnings came after Chuck Schumer, a Senate minority leader, supported a republican measure to finance the government. The closure of the government could have added more uncertainty to the markets struggling with stagflation concerns, an economic scenario in which growth slows down while inflation was high.

For weeks, risky assets are under pressure due to the fears of trade war caused by US President Donald Trump’s customs duties to major trade partners. Additional macroeconomic concerns, including the government’s controversial cost reduction measures, also put pressure on investor sensitivity.

Michigan University Consumer Confidence Index has declined to its lowest level since 2022 and pointed out that confidence in the US economy has decreased. The questionnaire also revealed that inflation expectations have risen to the highest level of more than two years. Joe Dipasquale, CEO of Bitbull Capital, crypto asset manager, said that these data directed investors to Bitcoin as a protection against economic uncertainty. He also drew attention to the fact that Blackrock’s re -starting Bitcoin purchases and making an investment of 25 million dollars, he pointed out that it remains strong.

Despite the current rise acceleration, he warned that dipasquale volatility continued to be a source of concern and warned that there may be potential important corrections in the future.

*It is not a depiction of investment.