Bitcoin prices have been on the rise in the last couple of weeks and the digital asset has been able to return to its November 2022 levels. This has been a much-needed boost for the market during this time, but an unexpected investor group is reportedly driving the price of the cryptocurrency.
Bitcoin Surges Are Happening During U.S. Hours
бир жаңы жылы Matrixport отчету that was shared with NewsBTC via email, U.S. institutional investors are driving the recent price increase of bitcoin. The report notes that over the course of January, the digital asset is already up over 40% but more than 35% of those increases have happened during U.S. trading hours. As such, the research report concludes that U.S. investors are driving the price.
Matrixport мунун жүйөсүн түшүндүрөт, эгерде актив АКШ сааттарында, айрыкча 24 саат бою соода кылганда жакшы иштегенде, бул институционалдык инвесторлор активди сатып алып жатканын көрсөтөт. Бирок, ал азиялык сааттарда жакшы болсо, бул азиялык чекене инвесторлор аны сатып алып жатканын билдирет.
BTC moves the most during U.S. trading hours | Source: Matrixport
The most significant movements have happened during this time and the trend lines show very strong similarity to Bitcoin’s movements to this point. But even more interesting is the fact that the data shows that U.S.-based investors are responsible for 85% of the total BTC buying that is happening currently.
Бул АКШда жайгашкан инвесторлорду эмне айдап жатат?
As the Matrixport report notes, U.S.-based investors have been encouraged by the inflation slow-down. It has put individual and institutional investors in positions where they believe they can take more risks. Hence, there is a marked increase in their exposure to risk assets such as bitcoin.
BTC price rises over 40% in less than 30 days | Source: TradingView.com сайтындагы BTCUSD
Мындан тышкары, отчетто инфляциянын төмөндөшү күтүлүп жаткан фактыларды эске алуу менен дагы митингдердин болушу мүмкүндүгү айтылат. "Бул крипто рыногун айдын орто ченинде, ар бир айда түзүшү мүмкүн жана трендге айланышы мүмкүн, анда биз айдын ортосунан баштап, айдын акырына карата бир аз консолидацияланган күчтүү митингди көрөбүз, анткени соодагерлер пайда алып, кенчилер чалууларды сатышат. .”
This is also good news for altcoins as Matrixport notes that historically, money flowing into bitcoin will eventually spread out into other digital assets. So this could mean that the market has not seen the last of the altcoin rally once these institutional investors begin spreading out their investments.
BTC учурда бул жазуу учурунда $ 22,959 0.06 боюнча соода жатат. Монета акыркы 24 сааттын ичинде 9.45% кичине утуштарды көрүп жатат, бирок жети күндүк айлануу негизинде санариптик актив дагы эле XNUMX% өсүш менен жакшы иштеп жатат.
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Source: https://newsbtc.com/news/bitcoin/u-s-institutions-driving-bitcoin-prices/