Chungzings, China – July 17: In this form, the illustration, the person carries a physical representation of the Bitcoin (BTC) in front of a screen that shows a scheme on the candlestick for the latest price movements in Bitcoin on July 17, 2025 in ChongQuing, China. (Explanation of the image by Cheng Shen/Getty Imach)
Cheng Sheen Getty Images News | Gety pictures
Bitcoin On Friday, he gathered an amazing distance from its high record, with the US government closed on its third day.
The oldest cryptocurrency in the world is trading about 2 % a day at 123,874 dollars. This is about 1 % less than its high price ever to the north from $ 124,000 reached in mid -August.
Investors flow to decentralized assets after the failure of the American legislators to conclude a deal on federal financing, forcing the US government to close on Wednesday. Bitcoin height 12 % this week alone.
“The closure is important this time,” wrote Jeff Kendrick of Standard Chartard. “During the closing of the previous Trump (December 22, 2018 to January 25, 2019), Bitcoin was in a different place now, so you did little.”
“However, Bitcoin has been traded this year with” the risks of the US government “as shown in its relationship with the period of the US Treasury Premium.”
Standard Chartard expects a new rise soon, and finally the encryption reaches $ 135,000 after that.
Bitcoin, ytd
Traders resort to encryption and other assets to hedge from escalating political and economic tensions. Immediate gold rose 0.5 % to $ 3,876.55 an ounce early on Friday, with prices gain more than 2 % this week.
Merchants also poured some money on Friday, despite the increasing geopolitical uncertainty. The S&P 500 and NASDAQ also increased 0.5 % and 27 % a day, respectively.
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