Bitcoin (BTC) set new records yesterday, rising above 123 thousand dollars, while increasing profit-taking and selling pressure caused the price to drop to the 117 thousand dollar level.
Analysts have stated that the decline in Bitcoin is a healthy correction, preparing for further upward movement, while a new report has come from Deutsche Bank.
According to a report by Coindesk, Deutsche Bank analysts stated that there has been a decrease in Bitcoin’s volatility and that this decline indicates that the market has matured and is signaling an upward trend.
Germany’s largest commercial bank, Deutsche Bank, stated that the recent explosive performance of Bitcoin is due to a unique combination of five factors, including institutional, macroeconomic, and technological elements, and that BTC has now entered the stage of maturation and institutional integration.
At this point, analysts indicated that the increasing ETF inflows, greater regulatory clarity, the rise in mass adoption, more moderate macroeconomic conditions, and technological advancements have driven up the Bitcoin price.
At this point, the bank stated that despite Bitcoin’s record rally, its volatility has significantly decreased, which is a sign of a maturing market. Analysts also added that Bitcoin’s volatility continues to decline as BTC adoption increases.
"As corporate adoption increases, the regulatory environment stabilizes, and usage becomes widespread among investors and governments, Bitcoin is solidifying its position as a new digital reserve asset.
This new reality forms the basis for long-term sustainable growth in the BTC price.
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The German Giant Deutsche Bank Explained the Five Main Reasons for the Recent Bitcoin Rally! Shared Its Expectations!
Bitcoin (BTC) set new records yesterday, rising above 123 thousand dollars, while increasing profit-taking and selling pressure caused the price to drop to the 117 thousand dollar level.
Analysts have stated that the decline in Bitcoin is a healthy correction, preparing for further upward movement, while a new report has come from Deutsche Bank.
According to a report by Coindesk, Deutsche Bank analysts stated that there has been a decrease in Bitcoin’s volatility and that this decline indicates that the market has matured and is signaling an upward trend.
Germany’s largest commercial bank, Deutsche Bank, stated that the recent explosive performance of Bitcoin is due to a unique combination of five factors, including institutional, macroeconomic, and technological elements, and that BTC has now entered the stage of maturation and institutional integration.
At this point, analysts indicated that the increasing ETF inflows, greater regulatory clarity, the rise in mass adoption, more moderate macroeconomic conditions, and technological advancements have driven up the Bitcoin price.
At this point, the bank stated that despite Bitcoin’s record rally, its volatility has significantly decreased, which is a sign of a maturing market. Analysts also added that Bitcoin’s volatility continues to decline as BTC adoption increases.