Bitcoin Price is gaining momentum, now only 4% shy of its all-time high, as a wave of optimism sweeps through the crypto market. Spot Bitcoin ETFs in the U.S. attracted over $547 million in inflows on Wednesday, extending their winning streak to 12 consecutive days, a bullish signal backed by institutional demand.
But it’s not just ETF data fueling the rally.
In a landmark move, the Federal Housing Finance Agency (FHFA) has instructed Fannie Mae and Freddie Mac to recognize crypto assets when evaluating mortgage eligibility. This unprecedented step toward mainstream crypto adoption is being hailed as a long-term bullish catalyst for the industry.
Technically, Bitcoin is showing a strong V-shaped recovery, with its price hovering near $107,383, a key resistance level. A breakout above this zone could flip the market structure and pave the way to a new all-time high (ATH).
According to crypto analyst Ran Neuner, Bitcoin’s next ATH may arrive in just 42 days, driven by a steady upward climb rather than a sudden spike. He emphasizes that the recent global ceasefire has given financial markets the breathing room they needed, and Bitcoin is leading the charge.
“The rally won’t be a single big green candle. It’s already happening gradually,” Neuner stated.
Another bullish driver? Federal Reserve Chair Jerome Powell’s recent testimony. Powell noted that the Fed might have already begun rate cuts if not for inflation risks stemming from Trump’s proposed tariffs.
Still, Powell confirmed that the Fed is on track for three interest rate cuts this year in July, September, and December. Lower rates often boost risk-on assets like Bitcoin, making this a critical green light for investors.
Following Powell’s remarks, the U.S. dollar began to slide, another bullish signal for Bitcoin. Wall Street responded swiftly: the NASDAQ hit a new ATH, and the S&P 500 is on the verge of confirming a golden cross — a highly regarded bullish technical pattern.
Interestingly, historical data shows that Bitcoin tends to hit a new ATH around 41 days after the S&P 500 does. That correlation is now catching the eye of analysts who view this as a signal that Bitcoin’s next major breakout is already in motion.
While Bitcoin looks poised for liftoff, most altcoins may not follow — at least not right away.According to Neuner, the altcoin rally will be selective, favoring tokens backed by institutional interest. A full-blown altcoin season is unlikely unless Wall Street throws its weight behind specific projects. He teases that a curated list of these high-potential altcoins will be revealed soon.
Bitcoin’s rally is fueled by strong institutional demand, evidenced by $547M in U.S. Spot Bitcoin ETF inflows, and recent U.S. housing policy recognizing crypto for mortgages.
The FHFA’s directive for Fannie Mae and Freddie Mac to recognize crypto as mortgage assets is a landmark move, expected to significantly boost mainstream crypto adoption and integrate it into traditional finance.
Powell’s confirmation of three Fed interest rate cuts this year (July, Sep, Dec) is a bullish signal for Bitcoin, as lower rates typically boost risk-on assets.
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