Bitcoin is unstoppable – and passed the first time the 100 thousand euros

by Andrea
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First fund 100% exposed to crypto assets in Portugal gives access to golden visas

Bitcoin is unstoppable - and passed the first time the 100 thousand euros

Bitcoin, the most well-known and negotiated cryptocurrency on the market, exceeded 118,000 dollars for the first time in its history, accumulating an increase of over 26% this year.

According to Bloomberg data collected by EFE, shortly after 9:00 pm on Friday, Bitcoin reached a maximum of $ 118,423, equivalent to 101.300 euros – An increase of almost 4%.

Three hours later, cryptocurrency slowly reduced its gains to about $ 117,956.

A  Bitcoin maintains a high trend which allowed him to establish successive records since last Wednesday, when he surpassed the $ 112,000.

The previous one was reached on May 23, when it reached almost 112,000 dollars (111,980 dollars).

According to experts, the cryptocurrency gained impulse despite the context of increasing commercial tensions, which did not cause any shock In the market, so investors continued to bet on risk assets.

In addition, it explains, cryptocurrency investors are betting that a series of long -sought political achievements industry, which should be realized next week, may attract new investments In this class of assets.

From Monday, the House of Representatives will discuss a series of Cryptocurrency bills -The “law of clarity”, the anti-CBDC state surveillance law and the genius law-which will provide the digital asset industry the American regulatory framework that the market has long required.

These requirements found echo with the US President, Donald Trumpwho self -entered the “President of CryptocurrencyAnd urged political decision makers to reformulate the rules in favor of industry.

Juan José del Vallefrom Activotrade, explains that these regulations aim to promote a comprehensive market structure that allows the classification and differentiation of digital assets as securities or ‘commodities’as well as a structure for ”, among other issues.

Cryptocurrency followed the example of the actions of most technological companies, with Highlight for Nvidiawhich this week reached a market value greater than 4 billion eurosbecoming the first company to do so on Wall Street.

Similarly, the US Scholarship Market recorded new maximums In two of its main indicators, Nasdaq and S&P 500.

Kraken experts indicated that Bitcoin is entering a new phase Price discovery, breaking a track that had been in months and exceeding maximum record.

“The strength of actions, which are being transacted at close to or at historical maximums, reflects a Strong Appetite Environment at riskwhich is a favorable context for cryptocurrencies, ”they told.

According to Lusa the analyst Manuel Pintocryptocurrency is beating records thanks to growing in indebtedness, to the greatest deregulation sector and the success of companies in the sector on Wall Street.

Bitpanda experts say in turn that the arrival of new maxims It’s not a mere coincidence and that are driven by “a Perfect combination of macroeconomic conditions favorable and an increasing and constant institutional interest ”.

With the return of liquidity to the market and the increase in currency supply in Europe and the United States, investors look for actives with potential reaL, and bitcoin is increasingly seen as one of them, they underline.

According to experts from Etoro, Bitcoin’s next potential target price is close to $ 130,000.

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