Has the crypto market’s bull run begun? 👀
Bitcoin has soared from around $63,000 to above $80,000 in just a couple of weeks. And for the first time in a long while, this move doesn’t look like just another bounce.
I already wrote about the main catalyst behind this rally a few days ago. It all comes down to the U.S., which has started buying back its own bonds on a large scale.
But now, new details have emerged. The U.S. is also considering using part of its reserve — where nearly $1 trillion currently sits — for these buybacks.
In terms of the impact on the markets, this could look somewhat similar to 2021: there will be more money in the system, bond yields will move lower, and stocks and crypto will get even more fuel for further growth.
So the market’s fate depends on this.
But it’s still too early to celebrate the start of a new bull run. BTC has hit resistance around $81,000 — several key levels converge there at once. If the market manages to establish itself above that level, the next area of interest could very well be $95,000–$100,000.
But if it fails to break through and the inflow of big money starts to fade, the current +30% could turn out to be just a very strong bounce followed by a natural correction.
But for the first time in a long while, Bitcoin’s growth is being driven not only by expectations, but by real money and macroeconomic factors.
Bitcoin has soared from around $63,000 to above $80,000 in just a couple of weeks. And for the first time in a long while, this move doesn’t look like just another bounce.
I already wrote about the main catalyst behind this rally a few days ago. It all comes down to the U.S., which has started buying back its own bonds on a large scale.
But now, new details have emerged. The U.S. is also considering using part of its reserve — where nearly $1 trillion currently sits — for these buybacks.
In terms of the impact on the markets, this could look somewhat similar to 2021: there will be more money in the system, bond yields will move lower, and stocks and crypto will get even more fuel for further growth.
So the market’s fate depends on this.
But it’s still too early to celebrate the start of a new bull run. BTC has hit resistance around $81,000 — several key levels converge there at once. If the market manages to establish itself above that level, the next area of interest could very well be $95,000–$100,000.
But if it fails to break through and the inflow of big money starts to fade, the current +30% could turn out to be just a very strong bounce followed by a natural correction.
But for the first time in a long while, Bitcoin’s growth is being driven not only by expectations, but by real money and macroeconomic factors.