Bitcoin rises to the peak at all with the improvement of feelings of encryption

Written by Samuel Indic, Alon John, Gertrude Chavez-Widrifus

The largest cryptocurrency in the world touched by 109,760.08 dollars, and the last 1.1 % rose to 108117 dollars.

The rise was driven by a set of factors, including mitigating trade tension between the United States and China and reducing DOUTY for American sovereign debts that prompted investors to search for alternative investment sources for the dollar.

“Now that the height of the January – and 50 percent of its lowest level in April – Bitcoin enter the blue sky lands with the back winds in the form of institutional momentum and an American favorable organizational environment,” said Anthony Trinchive, co -founder of the Nexo Digital Trading Platform, in a comment on the email.

Bitcoin is sometimes trading similar to technology and other assets that rise in value when investor morale is high. The heavy technical nasdaq increased by 30 % of the lowest level in early April.

This also coincided with the continued weakness in the dollar, an increase in the Bitcoin exchange rate against the American currency.

Participants in the encryption market often indicate an increase in the participation of traditional financial companies as reasons for achieving their gains.

They have indicated this week to the CEO of JPMorgan Jimmy Damon, who has long been doubtful, said the bank will allow customers to buy bitcoin. Earlier this month, Crypto Excination Coinbase was added to the S&P 500.

“We are still in the fourth year of the Bitcoin price cycle – the year following the Bitcoin half when mining workers’ rewards are reduced in half – which means historically that its best days are still before – while the total uncertainty and threat with more fluctuations, the target of $ 150,000 in 2025 remains on the cards.”

Meanwhile, Al -Atheer did not rise, the second largest encrypted currency, amazingly with Bitcoin. The last 0.5 % was at $ 2,513.

(Participated in the reports of Samuel Indic, Elon John in London, Gertrude Chavez Drivos in New York; edited by Dara Ranching and Matthew Lewis)