BTC Nears Record Highs as Total Market Cap Peaks at $4.21T

Main meals:

• Bitcoin gathered 14 % a week, with $ 124,000 closed amid the closure of the US government.

• Onchain data showed a $ 1.6 billion in purchase and a $ 92 installment gap, indicating the US -led demand.

• Analysts see resistance near $ 130,000, with the price discovery next week.

Bitcoin (BTC) organized a fierce rally over the past week, increasing by 14 % to trade a few dollars from $ 124,000 from a low range near $ 108,600 last Friday. This increase can push the Bitcoin area in the new price discovery area of ​​more than $ 125,500, as the total number of the encryption market pushed over $ 4.21 trillion, a sign that emphasized the extensive power of this gathering.

One of the sudden stimuli behind this high prices is the closure of the United States government and how the markets seem to ignore it. With the presence of federal agencies attended by employees and the issuance of economic data delays, the invested uncertainty is increasing.

In these circumstances, Bitcoin has benefited directly, as it has increased by 8 % since the operation is stopped, with merchants’ position on the absence of a clear political trend. The government also stopped the federal reserve decisions, where inflation and job data can be postponed, which increased speculative flows to encryption.

In comments on Cointelegraph, bitfinex analysts said, said,

The Bitcoin movement seems to the highest new level ever at all times. We doubt that Trump’s declaration that is possible to consider examining the motivation for every citizen, with funding from the customs tariff, can also contribute to increasing the price of Bitcoin. This can reflect what we have seen after the Covid stimulation examination. Meanwhile, ETF is stable. “

In reference to the conditions of the macroeconomic economy in the United States, analysts explained that “the total conditions remain supportive, while reducing inflation and the adoption of the federal reserve a more occurrence, which enhances the appetite of the origins of risk (…) If the flows remain fixed and the total data is not provided any of the upscale surprises, the path towards the highest new level of every time in the Q4 appears to be well supported.”

Onsin BTC purchase pressure

Onchain data confirmed that the mutation is driven by strong demand. Analyst Marton male The volume of purchases increased in the size of more than $ 1.6 billion in one hour across all stock exchanges.

At the same time, and Coinbase Premium GapWhich measures the differences in prices between Coinbase and Binance, rose to $ 91.86. Analyst Burak Kismesi Make up American investors pay nearly $ 92 per Bitcoin on Coinbase, indicating a strong demand led by the United States.

However, this is the highest installment since mid -August, a level of upholstery momentum in 2025.

Related: Bitcoin is scheduled for pressure where he recorded 88 billion dollars open interest

Expectations for discovering the price for the next week

With the pressure on Bitcoin near standard levels, analysts expected to discover prices next week. Jelle encryption dealer maleand

“120,000 dollars is transferred to today’s support. Keep it during the weekend, and I expect to resume the discovery of the price early next week.”

Rick Capital merchant Described This stage as “discovering the prices of stage 3” for the current cycle, the phase of the hack, where new high levels are created.

Deviation of the analyst Indicate While the demand is strong, heavy sales orders gather about $ 130,000, making the next main resistance. The analyst also highlighted the strong American flows via Coinbase and put a large “risk” on Binance, stressing that the next daily closure will be it is extremely important in confirming whether BTC can maintain momentum.

Related: Stablecoins broke the maximum market of $ 300 billion, after 47 % growth year to date

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