Bittime - The price of Bitcoin (BTC) rose by 6.47% in the last 24 hours, although the digital asset is having difficulty maintaining its price above $63,000. New macroeconomic data raises investors' expectations for the US Federal Reserve's monetary policy.
What happens during the Bitcoin Halving? How will the price of BTC develop in the future? With click on this link, you will find the answer.
Increased M2 Money Supply Drives Bitcoin Growth
An increase in the money supply is usually associated with strong performance in the crypto market. This increase is the first increase in the US M2 money supply, which consists of cash, savings and short-term bank deposits since November 2022.
With Bitcoin's current market cap of around $1.2 trillion and money market funds at $6 trillion, even a small change of 1% would inject $60 billion into the crypto market. Because it shows wider acceptance of Bitcoin and its inclusion in investment portfolios.
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US Spot ETF Bitcoin Exchange Fund Raises $11.2 Billion
The U.S. spot exchange Bitcoin ETF earned $11.2 billion since its launch in January, according to data compiled by Farside Investors. There was a huge increase in investor interest and investor confidence in Bitcoin as a profitable asset class due to this event.
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Apple Buyback Program Promotes New Investment
With net outflows on May 2, Grayscale GBTC deviated from the general positive trend, despite Bitcoin's rise and possible market inflows. This happened earlier in the day when $564 million in funds were withdrawn, impacting well-known companies such as BlackRock, Fidelity, and ARK 21 Shares.
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Doubts about the continued development of the technology are also another factor that may influence Bitcoin investor interest. After Apple's announcement of a $110 billion stock buyback program, investors may be looking for alternative growth opportunities without plans for new products.
How To Buy Bitcoin (BTC) With Bittime
You can buy and sell Bitcoin (BTC) in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
Bitcoin (BTC) is available on Bittime with BTC IDR pairing.
To be able to buy BTC tokens on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet . For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn How to Buy Bitcoin (BTC) on Bittime.
Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
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Bitcoin (BTC): Protector of Wealth or Complex Investment?
DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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