Bitcoin has seen a remarkable 12% gain over the past week, outperforming the three major US stock market indices. This development underscores the growing interest and confidence in cryptocurrencies as an asset class.
Bitcoin saw a remarkable 12% increase last week, outperforming the three major U.S. stock market indices. This development underscores the growing interest and confidence in cryptocurrencies as an asset class. Bitcoin’s price surpassed the $95,000 mark on Sunday, potentially marking its highest weekly gain since Donald Trump was elected U.S. president.
Bitcoin’s rise is part of a broader trend of capital flowing into the crypto market. According to CoinMarketCap, there was a net inflow of approximately $300 billion this week, pushing the total cryptocurrency market capitalization from $2.66 trillion to a high of $2.99 ​​trillion. This momentum is being driven by macroeconomic and geopolitical factors that are driving investors to invest in alternative asset classes.
In comparison, the three major US stock market indices recorded smaller gains: the Nasdaq rose by about 9%, the S&P 500 by around 7%, and the Dow Jones by about 5%. This discrepancy shows that cryptocurrencies are increasingly perceived as an attractive alternative to traditional financial markets.
Another factor influencing the Bitcoin price is the rising interest in Bitcoin ETFs. The US Spot Bitcoin ETF recorded net inflows of over $3 billion this week alone, with trading volume reaching $19 billion. This development indicates that institutional investors are increasingly entering the crypto market.
Analysts such as ITTech at CryptoQuant are observing a significant increase in interest in Bitcoin purchases. ITTech noted that a sharp pullback from extremely negative values ​​indicates that previously dormant capital is flowing back into the market. This could be a sign that investors are recognizing Bitcoin’s potential as a long-term investment.
However, Bitcoin’s future remains uncertain, as regulatory challenges and market volatility persist. Nevertheless, the current surge could be an indication that Bitcoin and other cryptocurrencies will play an increasingly important role in the global financial system.
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