Bitcoin price exceeds 102,000 dollars, as Blackrock Leads Fund flows

Bitcoin (BTC-UsdIt was relatively flat on Thursday, at a price above 102,200 dollars (76,989 pounds)-with a decrease of about 1 % a day-where the institutions resumed the allocations in the funds circulating on the US Bitcoin Stock Exchange, which is based in the United States on Wednesday.

A total of about 320 million dollars flowed to the investment funds circulating in Bitcoin listed in the United States during the session, reflecting on Tuesday’s flows. Black Rock (BLKIbit (IbitHe led the road, and attracted $ 232.9 million in flows.

The return of institutional purchase followed the day of the net external flows, which reached a total of $ 96 million on Tuesday, which coincided with the decrease in bitcoin to 101,429 dollars. Some investors seem to have a decisive break above the $ 105,000 sign before increasing exposure.

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“Despite stopping, the momentum is still fixed and more than 98 % of bitcoin portfolio addresses in a profit, and the open interest remains above 30 billion dollars,” Elijah Calch Chef Chef Nexo Iliya Kalchev Yahoo Finance UK told.

“He has chosen futures activity, and options markets show the increasing demand for upward exposure, and at the present time, merchants focus on macro data as the next trend driver.”

Altcoins mostly fell on Wednesday, which led to gains earlier in the week.

ethereum (eth-wedThe second largest encrypted currency in the world decreased by 3.8 % to $ 2,574.30.

Xrp (XRP-Usd3.6 % decreased to $ 0.4983. Solana (Sol-Usd5.6 %, Cardano (Ada-GBPIt lost more than 5 %, and the polygon was thrown more than 7 %.

Between the coins, Dogecoin (Dog Usd5.8 %, while $ Trump (Trump-USD6.2 % decreased.

Stock markets also turned into caution before the US Product Product Index Data (PPI) due on Thursday, which may provide more evidence of inflation in the United States and interest rate expectations in the Federal Reserve.

In pre -market trading, Download Futures (YM = f), S & P 500 Future (es = f), And nasdaq future (nq = f0.58 %, 0.42 %, and 0.43 %, respectively.

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Bitcoin is still higher than the level of $ 100,000, psychologically important, with the support of optimism to reduce trade tensions. However, uncertainty continues to gain CAP this week.

The feelings of the investor improved earlier in the week after a detailed The US statement and China temporarily pledges itReducing fears of global economic slowdown. This optimism was strengthened on Tuesday when The US Consumer Prices Index (CPI) came in less than expectedSoothing inflation fears.

These developments have strengthened expectations that the Federal Reserve can reduce interest rates later this year. However, analysts remain cautious, noting that the Federal Reserve is likely to give priority to controlling inflation and awaiting clear signs on economic softening before moving.