Bitcoin has just taken a historic stage, briefly touching $ 111,980, and there is a new force that leads to this rally, American institutional power. From Wall Street to Wall Street to Crypto-Avertis politicians, the United States occupies the stage in the last Bull Run of Bitcoin.
But it is now a global race for control, and the two main players are the United States and China.
The United States holds more bitcoin than ever
Recent data of the Cryptochent chain analytical platform show that entities based in the United States, including banks, exchanges and funds, now have a larger piece of bitcoin than the rest of the world.
This strong purchase activity recently sparked a bullish graphic scheme known as the golden cross on the table of reserve ratios of the United States, which often signals a potential price wave.
In the past, this type of signal has marked the start of high major trends. We saw it last year, and now it happens. This change helps fuel the recent price leap, as well as optimism on new laws on American cryptography and the growing interest of major names like Microstrategy by Michael Saylor, Tesla, Semler Scientific, and many others.
Meanwhile, the United States currently has a total of 207189 BTC worth around 22.99 billion.
Political winds blow
There is also growing political support for crypto in the United States when President Donald Trump recently expressed strong support for crypto, even saying that he wanted the United States to lead the extraction of bitcoin and become the “capital of the cryptographic world of the world”.
Combined with new discussions in the Senate around the laws on Stablescoin, the United States is growing hard to attract cryptographic innovation.
Bull now, but prudence to come
Although things are beautiful now, the crypto graphic also highlights what could happen. The last two times, this ratio has formed a “cross of death”, when the short -term trend falls below the long term, Bitcoin took a hit shortly after.
So, even if it’s a party now, the story says to keep a eye free.
China is always a big actor
Even if the United States is leading the race, but China is quietly one of the biggest holders and bitcoin minors through indirect channels. Although a large part of the trading is hidden or reacted, the grip of China on mining and power is real, and the United States does not want to be left behind.
Although China currently has a total of 194,000 BTC, worth around 21.53 billion.
