Bitcoin has just passed the historic milestone and has simply reached $ 111,980 and has a new power that leads the rally. From Wall Street Giants to politicians who are familiar with encryption, the United States has the central stage of Bitcoin’s latest bull run.
But now it’s a global competition for control, and the two main players are the United States and China.
The United States has more Bitcoin at any time.
According to the recent data of the on -chain analysis platform cryptocurrency, US -based companies, including banks, exchange and funds, have a larger Bitcoin mass than other regions.
This strong purchase activity has recently triggered an optimistic chart pattern known as a metal preliminary chart in the United States, which often signals potential prices.
In the past, this type of signal showed the beginning of the main rise. We saw it last year and now happen again. This change will help to promote the recent price jumps, with the optimism of the new US encryption law, and to raise interest in major names such as Michael Saylor’s Microstrategy, Tesla, and Semler Scientific.
Meanwhile, the United States currently has about $ 229.99 billion of the total 207189 BTC.
Political wind is blowing the path of Bitcoin
President Donald Trump has recently said that the United States wants to lead Bitcoin mining and want to be a “encryption capital of the world.”
With a new Senate conversation on Stablecoin Laws, the United States is working hard to attract encryption innovation.
Now it is strong now, but be careful in the future.
The situation looks good now, but the chart of Cryptoquant also emphasizes what you can come next. The last two rates formed a “cross of death” when the short -term trend fell below the long run.
So it’s a party now, but history is said to continue to watch.
China is still a big player
The United States is leading the race, but China remains quietly one of Bitcoin’s largest holders and miners through indirect channels. Many deals are hidden or routed again, but China’s grip on mining and power is real and the United States doesn’t want to leave it.
China currently has a total of 194,000 BTCs, but is worth about $ 21.5 billion.