$BTC The crypto market has grown by 1.06%, reaching $2.32 trillion in the last 24 hours, primarily due to signals of institutional accumulation. At the same time, there is a moderate correlation (44%) with the index #S&P 500, indicating the influence of common macroeconomic factors.
1. Main reason: The completion of the fund
#Binance #SAFU at $1 billion in bitcoins was a strong signal for institutional buyers and increased confidence in the market.
2. Secondary reasons: Positive news from the ecosystem (integration
#RLUSD into the XRP Ledger, use of Solana in Citigroup) and speculative interest in altcoins such as Berachain (BERA) have boosted growth.
3. Short-term forecast: If bitcoin holds above the support zone of $65,000–$66,000, a test of resistance at $71,500 is likely. A breakdown of support may lead to a retest of the $60,000 mark.