Is there still room for new Bitcoin maxims? Cryptocurrency approaches the $ 110,000; See how to position yourself

It is not now that the Bitcoin (BTC) It has aroused the interest of many investors. The world’s leading cryptocurrency broke records in 2024 and thus their next steps have attracted the look of those who want to diversify the wallet.

To remember, the BTC jumped 183% last year. Already in May this year, a new maxim was reached: cryptocurrency reached the historical level of $ 111 thousand.

Although the global macroeconomic scenario is of uncertaintythere are those who evaluate that Bitcoin has shown resilience.

Recently, with the escalation of tension in the Middle East, the currency suffered losses. On Sunday (22) in the afternoon, it was negotiated in a value around US $ 98 thousandwhich represented a drop of more than 4%. On Saturday (21), the United States entered the conflict between Iran and Israel.

However, on Tuesday (24), there was recovery, especially after the announcement of the possibility of a ceasefire between the two countries. In the morning, the cryptocurrency reached the level of US $ 105 thousand.

Can Bitcoin still rise more? Understand the scenario

One point that counts in favor of cryptocurrencies is the regulatory advance. In the United States, for example, a bill that regulates the stables (stable cryptocurrencies), known as Genius Act, was approved in the Senate last week and now goes to the House. The movement was considered a Victory for the Crypto Sector.

Also in the US, the state of Texas created, on Friday (20), a reserve of its own bitcoins. That is: cryptocurrency has advanced, which brings positive expectations.

Although the market is volatile and Bitcoin can find resistance to keep beating records, there are analysts who evaluate that it is possible, yes, that there is room for this barrier to be broken and the currency Mire new highs. It is therefore an asset to keep an eye.

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