Analyst: Bitcoin Breaks $87,000, but It's Still Premature to Talk About a Bull Market
Odaily reports that Bitcoin's price surpassed $87,000 today for the first time since April 2. Dominick John, an analyst at Kronos Research, stated that the recent surge is driven by an increase in global liquidity and institutional buying, with Strategy's recent BTC accumulation being a critical signal. Despite a net inflow of $15.8 million into spot Bitcoin ETFs last week, analysts generally believe that given the uncertainties surrounding Federal Reserve interest rate policies and Trump's tariffs, it is "still premature" to discuss a new bull market.
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