After overcoming with Bitcoin $ 90,000, the narrative about the asset as a hedging tool for political instability and the uncertain monetary policy of the United States became more sustainable, Matrixport experts explained.
“Liquidity in the cryptocurrency market improves, and new capital begins to enter the market – this is a positive dynamics. After two months of movement in the lateral range with a slight rise, we observe the first signs of the active influx of fiat funds in cryptocurrencies, ”analysts said.
According to experts, a similar increase in the influx of funds in November became a catalyst for the rapid rally of the first cryptocurrency, and the situation may repeat over the next few months.
Now the growth of the bitcoin course looks more stable compared to previous cycles. Investors’ appetite to risk is due to growing attention to cryptocurrency from traditional financial structures, explained in Matrixport.
At the same time, the publication of macroeconomic data and corporate reporting in the United States this week may turn out to be decisive to maintain the “only up” bitcoin trajectory, analysts warned.
Previously, the head of the BlackRock Investment Company, Jay Jacobs declared that freezing of Russian assets for $ 300 billion in 2022 became a turning point for a number of states and global investors who finally decided to pay attention to Bitcoin.
Source: Bits

I am an experienced journalist, writer, and editor with a passion for finance and business news. I have been working in the journalism field for over 6 years, covering a variety of topics from finance to technology. As an author at World Stock Market, I specialize in finance business-related topics.