In the last days, the growth in the capitalization of the cryptorrhist in the last days is associated with the weakening of the dollar, the increase in gold prices and the expectations of a decrease in the key rate of the US Federal Reserve (Fed). As the respondents noted “RBC-Crypto” Experts, an important catalyst for growth by US President Donald Trump, who expressed confidence in the imminent resolution of a trade conflict with China, calling for a softer monetary policy. All this increased the appetite for risky assets, including bitcoin – analysts expect further growth, especially on the eve of a possible reduction in the rate in June, with the first goals for BTC at $ 100 thousand.
On April 23, Bitcoin’s quotes (BTC) reached a seven -industrial price maximum, exceeding $ 94.5 thousand. The last time this level was recorded in early March. As of 14:00 Moscow time, the price of BTC rolled down a little to the level of $ 93.5 thousand. From the beginning of the week it was about 10%, and from the minimum price of April ($ 74.4 thousand on April 7), quotes increased by more than 25%.
Why prices have risen
The main factors that now affect the situation in the crypto is fears and fears associated with the US and China tariff war, and the money-credit policy of the US Federal Reserve, said Ryan Lee, leading analyst at the Bitget Research Lee.
“Yesterday, the market received a powerful impulse after Donald Trump’s speech, in which he touched the urgent issues of the economy. Investors were encouraged by Trump’s words that the tariff conflict with China could be resolved in the near future, ”Lee writes, noting Trump’s position regarding the decrease in the Fed’s credit rates.
As an additional trigger for the growth of bitcoin was the weakness of the dollar, said Viktor Pershikov, an analyst in the cryptocurrency market from SWR Capital.
“Against the backdrop of the weakness of the American stock market, cryptocurrency continues to remain quite stable and plays out the fall of the first quarter, as well as the probability of de -escalation of the“ trade wars ”, which will result in an increase in the demand for risky assets that have faded in recent weeks,” Pershikov noted.
However, a significant change in the situation does not occur, Pershikov said, and “the market continues to be in the bull cycle.” The analyst believes that the decrease in quotations in the first quarter fits into the ordinary correction, which occurred due to external, and not internal factors for cryptoine.
Forecasts and expectations
The expectations of experts in the price of prices are unanimous – they will grow. For example, Lee considers the main catalyst to continue the growth of the change in the Fed’s rate, which can push bitcoin above $ 100 thousand.
“Depending on how the situation will develop further, growth may continue or stop. Considering that most market participants are expected to reduce the key rate at the June meeting of the Fed, Bitcoin has every chance to return to the zone above $ 100 thousand. ”, Whether it predicts, noting that he expects to consolidate the course over this level in the second half of May, in the pre-government of the decision on monetary policy.
As the first goal, according to Pershikov, is also a level of $ 100 thousand per bitcoin, and in addition to the analyst expects the growth of the total capitalization of the cryptorrlik to $ 3.2 trillion (as April 23, 14:30 Moscow time, the indicator is $ 2.95 trillion, according to CoinmarketCap). At the same time, higher goals were noted for the price of bitcoin in 2025.
“I continue to expect this year the goals at $ 130-150 thousand per bitcoin. The likelihood of updating the price maximum in the coming months by bitcoin remains, which opens up wide opportunities for restoring prices for the most capitalized altcoins, first of all, SOL. ”
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Source: Cryptocurrency
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