Bitcoin fell to USD $ 115,000 but still closed the month at the highest price in its history
By Hannah Pérez
Despite the bearish turn, Bitcoin recorded the highest closure in its history around USD $ 15,600. Bitcoin concluded Julio with an 8% gain in the midst of whale movements, tariffs and macro events.
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- Despite the bearish turn, Bitcoin recorded the highest closure in its history.
- Julio closed around USD $ 15,600, with an 8% monthly gain.
- The cryptocurrency was resilience despite macro events and whale movements.
- Investor’s trust helps redirect BTC to their resistance levels.
Bitcoin (BTC) took a reverse on Thursday, hours before the closing of the month, towards a price level of USD $ 115,000, after having negotiated as high as $ 123,000 in mid -July, which marked a new historical cap.
Despite the bearish course, which contrary to the predominant bullish trend of recent weeks, Bitcoin A new milestone was secured when registering its highest monthly closure in its 16 years of history. At a price of around $ 115,600, the distinguished cryptocurrency marked a new historical locking maximum of the month.
“That Bitcoin closes the month in a historical maximum of [$115,644] It is more than a simple main figure, it is a reflection of resilience and the growing maturity of the market“, Said Rundo Lucas, cryptocurrency analyst BTC Marketsaccording to cited The Block.
Bitcoin Julio ended with a return of 8.13% in what was a relatively stable month for prices despite macro events and whale movements. An old entity with more than 80,000 BTC shook the market with sales for more than USD $ 9 billion this month. Meanwhile, rates and politics decisions in the United States also had a market effect.
In Lucas, the recovery price levels of Bitcoin They show that “Now there is a solid base of buyers willing to intervene, which underlines the sustained confidence in Bitcoin as active“, Said the analyst, according to coverage.”We are seeing that Bitcoin remains firm in the face of macro uncertainty and growing institutional participation“
Beyond the so -called ‘OG whale’ with Bitcoins 2011, chain data reveal that whales are leading a wide accumulation trend, in which all cohorts of investors of Bitcoin They have synchronized to buy. This unified, although unusual movement suggests confidence in the long -term perspective.
Trump tariffs caused nervousness in the market
Bitcoin It fell to a local floor of USD $ 114,290 during the early hours of Friday (ET) before a modest recovery. The reverse was part of a broader bearish action in the cryptocurrency market, where market capitalization has decreased just over 6% in the last 24 hours, according to data from Coingcko.
The sudden sinking caused strong waterfalls in the market, where little More than USD $ 755 million short and long positions have been liquidated Since yesterday at this time, according to the data of Coinglass.
The cryptocurrency market has faced long liquidations (bullish bets) for USD $ 703.8 million in the period, according to the data. In the last 24 hours, 183 667 operators were liquidated, with the bulls of Ethereum and Bitcoin being the most affected with liquidations for USD $ 210 million and USD $ 173 million, respectively.
The last announcement tariffs by President Donald Trump seemed to cause nervousness to the markets, as he noticed COINDESK.
On Thursday night, Trump announced radical tariffs on a global scale. He New order kept the tariff “universal”For the goods that enter the United States in 10%, the level announced on April 2. However, that rate will be applied only to the countries with which the United States has a commercial surplus. Countries that export more to the United States will face a minimum tariff of 15%. Meanwhile, some Southeast Asian countries face higher tariffs, the newspaper said.
Tariffs feed the perspective of an increase in US inflation, which in turn reduces the expectations of operators of a feature cut by the Federal Reserve (Fed). This week, the Fed kept unchanged interest rates at 4.25%, crushing the hopes of the market of new rate cuts from September.
In the immediate period, it is possible that the Federal Reserve Policy, Future Trump Tariff Plans and the Broken Funds Funds (ETF) of Bitcoin “That they have seen a slowdown in recent weeks.” influence the evolution of prices of Bitcoinas noted by the research director of LVRGNick Ruck, A The Block.
Bitcoin changes hands around USD $ 115,100, 2.8% lower in 24 hours when writing these lines.
Hannah Estefanía Pérez / Diariobitcoin
Image of Depositphotos
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