Is This The Real ‘Mysterious Reason Behind The Sudden $100 Billion Bitcoin, Ethereum And Crypto Price Boom?

Bitcoin, Ethereum, and other major cryptocurrencies surged this week, adding $100 billion to what some say is becoming a "parabolic" combined crypto market.

To come in is now a Forbes Advisor on Crypto Assets and Blockchain and is successfully handling the recent Bitcoin and Cryptocurrency Market Crash.

Bitcoin prices topped $25,000 for the first time since last summer as traders bet that the Federal Reserve could reverse sharply despite fears of an intensifying U.S. war on cryptocurrencies.

Data has now shown that the $100 billion rise in Bitcoin, Ethereum and crypto prices this week could have been driven by more than $1.5 billion in the crypto market by institutional investors.

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“Since Feb. 10, various funds/institutions have invested almost $1.6 billion in the crypto market,” Lookonchain Bitcoin and crypto analysts tweeted, linking and detailing several “mysterious” reports released by Circle.” USDC addresses. The stablecoin was used to send funds to various exchanges.

USDC is the second largest stablecoin in the world with a market capitalization of around $42 billion. Contact: USDT: , the largest stablecoin, has a total value of over $70 billion.

Bitcoin and the crypto market fell below $1 trillion this week following news of regulatory action on another major stablecoin, BUSD. BUSD: - A $13 billion Binance-branded stablecoin launched by Paxos.

This week, BUSD bounced around $3 billion as traders pulled out of the stablecoin. The CEO of Binance stated via Twitter that he expects the amount of BUSD in circulation to decrease further after Paxos ordered it to stop issuing.

According to Bloomberg , New York's top financial regulator has been told that Binance doesn't have enough reserves to back up data via the BUSD Circle, intensifying the fight between stablecoin issuers vying for market dominance.

Meanwhile, the latest US inflation data showed that consumer prices continued to decline in January, rising at an annualized rate of 6.4%, raising hope that the Fed could win the war on rising inflation later this year.

“As we've been saying for three months, U.S. inflation data is likely to continue declining, and as expected, we've had a strong recovery,” Matrixport head of research Markus Thelen said in a statement. Email

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However, some long-term bitcoin price watchers are reluctant to call the end of the recent bear market known as crypto winter and the start of spring for bitcoin and crypto prices.

“Bitcoin prices have been in a strong uptrend since the beginning of the year, but those who have been in the crypto space for several cycles are reluctant to call any rally the start of a bull market,” Alex Adelman, CEO of Bitcoin. The Lollipop Rewards app, he said in an email.

“While the current rise in bitcoin price and trading volume indicates an increase in market confidence, current price trends will continue to be driven by regulation, inflation and other developments in the crypto industry. While the crypto markets started from the peak of last year, FTX crashed. Many companies and individuals in the crypto space have been put on hold and others may fall victim to the collapse.”

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