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Bitcoin has reached a staggering new high of $87,630, leaving many investors wondering if we’re about to enter another bull run. According to recent market data and analysis from experts in the field, it appears that Bitcoin’s surge is deeply connected to increasing global liquidity and heightened institutional activity.
As the article notes, this upward trend aligns with a significant expansion of the M2 money supply, which has been consistently growing over the past few months. In addition, the increased interest from institutional investors has put downward pressure on the cryptocurrency’s availability, resulting in its unprecedented price increase.
While some experts, like Dominick John from Kronos Research, have suggested that Strategy’s recent signals are reinforcing demand while constraining supply, many others remain cautious. This is largely due to ongoing trade negotiations and market volatility, which could potentially impact investor sentiment.
In a statement, expert analyst Dominick John stated, “The Federal Reserve will play a crucial role in maintaining this current momentum.” However, the same cannot be said for Bitcoin’s ability to withstand such external pressures.
While some investors are eagerly anticipating another bull run, it is essential to remember that cryptocurrency prices can fluctuate rapidly and unpredictably. As always, readers are encouraged to conduct their own research and consult with financial advisors before making any investment decisions.
Will we see the next bull run? Only time will tell, but one thing is certain – the current price action has piqued the interest of many seasoned traders and curious onlookers alike.
Source: https://www.crypto-news-flash.com/bitcoin-soars-to-87000-is-next-bull-run/?utm_source=rss&utm_medium=rss&utm_campaign=bitcoin-soars-to-87000-is-next-bull-run
