Bitcoin Surpasses $82,000 and Records Unusual Weekend Trading Volumes
Bitcoin surpassed the $82,000 mark at the beginning of the week, continuing a six-day rally and fueling optimism across the crypto market. In the past 24 hours, BTC has seen a 3% increase, with trading volumes reaching around $100 billion – an unusual situation for a weekend. Price increases during weekends are often perceived as a positive signal, as trading volumes tend to decrease when institutional investors take a step back.
Futures markets are reflecting this bullish momentum, with premiums on BTC-related derivatives showing an upward trend.
The Spectacular Rise of Dogecoin and Shiba Inu Tokens
Among the major winners of this surge, Dogecoin (DOGE) and Shiba Inu (SHIB) stood out with a spectacular 30% increase on Sunday. Dogecoin, in particular, surpassed XRP and the USDC stablecoin to become the sixth-largest cryptocurrency in terms of market capitalization. This turnaround was driven by Elon Musk’s recent statements, which have propelled DOGE by 88% over the past 30 days.
The Macroeconomic Context Favoring Cryptocurrencies
This overall price increase comes in a favorable geopolitical and economic context. The election of Donald Trump, a president considered pro-crypto, and his promise to create a strategic reserve of Bitcoin from January onwards, have sparked renewed optimism. At the same time, the Federal Reserve has initiated a new cycle of interest rate cuts, making digital assets more attractive to yield-seeking investors.
Bitcoin ETFs in the U.S. have also recorded record-breaking net inflows of over $1.3 billion last Thursday, surpassing the previous record set in March at $1.1 billion. BlackRock’s IBIT fund led the charge, indicating a renewed appetite for cryptocurrency-related products. This week also marks the return of institutional investors, with the reopening of U.S. exchanges and the trading of BTC ETFs.
Short-Term Perspectives for Bitcoin
With this momentum, traders are already looking towards the next psychological target of $100,000. The idea of a strategic Bitcoin reserve promised by Trump could play a crucial role in the continuation of BTC’s upward trend. If this initiative materializes, the market could experience a new phase of accelerated growth, solidifying Bitcoin’s status as a flagship asset.
