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Bitcoin rises to 109,500 Dollar, updating its highest value in 4 months.
The market price of the cryptocurrency Bitcoin has set a new all-time high for the first time in four months since January 20, recording 1 BTC = $109,500 (approximately 16 million yen).
The market’s expectations regarding the “Bitcoin reserves” have faded, alongside disappointment selling related to the Federal Reserve’s interest rate policies and the shock from Trump’s tariffs. This led to a temporary drop to around $74,000, but subsequently rebounded significantly due to factors such as easing U.S.-China trade tensions.
Entry of institutional investors
The background of the rise is the massive inflow of funds into Bitcoin spot ETFs in the United States. In the first half of May alone, more than $2.8 billion (approximately 420 billion yen) flowed in, and the total inflow reached $41.8 billion (approximately 6.2 trillion yen) as of May 16.
Additionally, Fidelity’s Global Macro Director, Julian Timmer, pointed out last week that “the baton is being passed again from gold to Bitcoin.” He analyzed that the Sharpe ratios (risk-adjusted returns) of both assets are converging, and their attractiveness as investment options is becoming almost equivalent.
According to CryptoQuant’s early year forecast, the target price for Bitcoin in 2025 is set between $150,000 and $250,000, and market participants believe there is further room for growth as the year-end approaches.
Bitcoin (BTC) News and Price
BTC Exchange Comparison | Fees, Spreads, Savings, Lending Coins
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