As altcoins (crypto assets other than Bitcoin) are falling sharply, interest in Bitcoin is growing and there are also positive long-term price outlooks.
At 11:40 a.m. on the 7th, Bitcoin was trading at $97,372 (approximately 14.75 million yen), up 0.17% from the same time the previous day, according to CoinMarketCap.
Bitcoin hit $99,168 the previous day, approaching $100,000. The price then fell, retreating to the $95,000 mark at one point that morning, before dropping to $97,000.
Bitcoin spot ETFs recorded net inflows for two consecutive trading days, but the amount of inflows decreased. On the 5th (local time), 66,000 Bitcoin spot ETFs were invested.
$400,000 inflows were recorded, down 80% from the previous day's net inflow. Although Bitcoin has entered a correction phase, analysts say that investor interest is still garnering attention.
Cryptocurrency analysis company Santiment said through X on the same day, "Bitcoin fell 11% from its all-time high last month, but investment sentiment remains strong," and "Altcoins are
"This is because Bitcoin has fallen more sharply than before, and interest in Bitcoin has been growing," he said. He continued, "Bitcoin may undergo further corrections due to the large-scale selling by some investors, but
"There are also expectations that President Donald Trump's cryptocurrency-friendly policies will raise the price of Bitcoin," he said. "Even now, when prices are fluctuating wildly, capital from major investors continues to flow in.
"The long-term outlook is positive," he explained. Cryptocurrency trader Mickey Bull said, "Bitcoin has maintained an upward trend in February on average so far," adding, "Since 2013,
"The average return in February was 14.08%, a decline that occurred only twice in the past 10 years."
2025/02/07 13:02 KST
Copyright(C) BlockchainToday wowkorea.jp 118