Bitcoin approaches $17,300 as investors become more active

Bitcoin starts the new week with a strong growth against the backdrop of capital inflows into the stock markets of Asia and Europe.

The driver of the activation of investors was the improvement in the situation on the US market last week.

Observers do not rule out that the Federal Reserve will gradually stop raising rates and move on to policy easing.

Risky assets, including digital currencies, will react positively to the change in the exchange rate of central banks not only of the European Union and the United States, but also of other regulators.

At the time of publication of this review, bitcoin rose to $17,273. The capitalization of the digital currency increased by more than 3% to $332.554 billion in a day. Ether (ETH) strengthened by 4.5% to $1321.

Cardano (ADA) has demonstrated the best performance of the top ten cryptocurrencies. This altcoin soared by more than 15% to $0.3277 in a day. Dogecoin (DOGE) and Solana (SOL) rose about 9% to $0.076 and $16.49, respectively.

Analysts at CryptoQuant have taken notice of the rise of Bitcoin, although its exchange offer remains low.

The number of BTC on the trading floors is at its lowest level in the last four years.

According to experts, the BTC rebound could be the result of the activation of the largest addresses or the so-called whales. After a long hibernation, this category of investors resumes buying, which means the end of the bearish trend.

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