With appreciation of 11% in the week, Bitcoin exceeds American bags and gold. (Image/ Pixabay/ Gerd Altmann)
Bitcoin (BTC) records its best weekly performance in more than five months, with an accumulated 11% accumulated and quotation around US $ 95,000, driven by strong entries in index funds (ETFs), despite the unstable macroeconomic scenario.
The appreciation of cryptocurrency Overcomes the weekly performance of traditional assets such as S&P 500 (+4.5%), Nasdaq (+6.7%) and even gold (-1%). The dollar, in turn, follows in a weakening trajectory, further favoring the environment for alternative actives such as digital currency.
Bitcoin ETFs listed in the United States have registered net entries of more than $ 3 billion, the largest weekly volume since November. With this, the appetite of institutional and retail investors again intensified, raising the total amount of assets of these funds to nearly $ 110 billion.
The relative relief with the trade war between the United States and China helps in positive feeling. On the other hand, the lack of macroeconomic catalysts limits the gains of digital assets.
The economic agenda of the coming weeks, including US GDP data and the Federal Reserve meeting in May, promises to add more volatility to the market.
See the performance of the ten largest cryptocurrencies in the world this Saturday (26)
| # | Name (symbol) | Price (USD) | Variation 24h (%) | Variation 7D (%) | YTD Variation (%) |
|---|---|---|---|---|---|
| 1 | Bitcoin (BTC) | US $ 94,339.10 | -1.03% | 11.20% | 1% |
| 2 | Ethereum (eth) | US $ 1,802.37 | 0.09% | 12.75% | -45.87% |
| 3 | TETHER (USDT) | US $ 1.00 | -0.03% | 0.05% | 0.24% |
| 4 | XRP (XRP) | $ 2.20 | -0.19% | 6.34% | 5.75% |
| 5 | BNB (BNB) | US $ 608.18 | 0.35% | 3.40% | -13.24% |
| 6 | Solana (Sol) | US $ 149.14 | -2.24% | 8.09% | -21.18% |
| 7 | USDC (USDC) | $ 0.99 | 0.01% | 0.01% | 0.0% |
| 8 | Dogecoin (doge) | $ 0.1814 | -1.37% | 15.90% | -42.51% |
| 9 | Cardano (ADA) | $ 0.7079 | -2.42% | 14.12% | -16.11% |
| 10 | Tron (TRX) | $ 0.2517 | 3.23% | 4.37% | -0.97% |
Source: Coin Market Cap
Source: Moneytimes
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