Bitcoin’s price has climbed above its 200-day moving average for the first time since November, signaling renewed strength in the cryptocurrency market. This milestone marks a significant turning point after nearly nine months below this key technical indicator.
According to CoinTelegraph, the rally gained momentum following the US Treasury’s announcement to expand its bond buyback program. This move appears to have provided additional support to risk assets, including cryptocurrencies like Bitcoin.
For Japanese investors, this development could influence market sentiment as domestic traders closely watch global liquidity trends and their impact on both FX and crypto markets.