
Despite the economic unrest, Bitcoin (BTC) lasts remarkably well. While trade tensions worldwide increase and markets react nervously to geopolitical decisions, Bitcoin’s course climbs steadily. It is no coincidence, and more factors play with it than just a temporary break in the trade war.
Not only price, also confidence increases
Since 8 April, Bitcoin has undergone a remarkable increase of 13%, with the price now exceeding the $ 85,000 limit. The announcement of a 90-day tariff break by President Trump gave the starting signal for the recent revival, but the underlying force is deeper than geopolitric news.
Santiment, a platform for blockchain analysis, signals that confidence in Bitcoin is growing. This is evident from, among other things, positive on-chain data and the behavior of great investors. One of the most striking trends is the persistent accumulation by large Bitcoin holders. Wallets with 10 Bitcoin or more have risen to a record number of a total of 16.36 million bitcoin. Companies such as Strategy also continue to purchase en masse, with a recently a purchase of $ 285 million from Bitcoin.
These movements indicate that larger players further expand their positions, often at times when smaller investors sell in panic. The result is less sales pressure and more price stability.
Less Bitcoin on Exchanges
Another sign of trust is the decrease in the number of Bitcoin on Exchanges. Since mid -March this offer has been taken, which suggests that investors prefer to keep their coins under their own management. And when there is less for sale, the chance that the price will keep firm.
When the offer increased temporarily, such as at the beginning of April, we immediately saw a dip in the race. That pattern recovered as soon as the supply dropped again. The market therefore clearly responds to these types of signals.
In addition to price fluctuations, Bitcoin, and in a broader sense blockchain, also plays an increasingly important role in world trade. Thanks to the technology, goods flows can be followed accurately and transparently, which is especially important now that countries are trying to shift trade routes to avoid import duties.
Companies such as TrueBit develop applications that integrate blockchain into customs and trade processes, which makes technology increasingly relevant outside the financial atmosphere. While traditional markets are under pressure, Bitcoin is remarkably resilient. Major players continue to buy, and the use of blockchain in sectors such as World Trade underlines that cryptocurrency is no longer just an investment instrument, but demanded a lasting role in a broader economic landscape.
Source: https://newsbit.nl/waarom-bitcoin-stijgt-ondanks-geopolitieke-spanningen-en-marktvolatiliteit/