Bitcoin accelerates record hunt for over $ 122,000 | News | Current

The Bitcoin started the trade week with a course jump to a record high. On Monday, the Bitcoin cost around $ 122,000 on the Bitstamp trading platform after the course had risen for the first time in the early morning of the $ 122,600 mark.

The oldest and best -known cryptocurrency has thus promoted its latest record rally after speculation to relaxing the rules for trade in the USA.

The Bitcoin broke out of a comparatively narrow trading range with the current course jump. After the cryptocurrency had risen to the US President in the course of Donald Trump's re-election, the course had been near the $ 100,000 mark since May.

Trump is considered a sponsor of cryptocurrencies, which intensified speculation to loosening the rules in the trade with the risky asset class after the re -election. Since Trump's election success last November, the value of the bitcoin has increased around three quarters.

Hope for “Crypto Week” in the USA

Finally, speculation on the market has increased that the rules for trading with bitcoins could be relaxed. In this context, Analyst Timo Emden from Emden Research referred to the “Crypto Week” in the USA. This week there are important legal decisions on the program that could shape the crypto market.

The prospect of further loosening of regulation in the United States should keep the risk appetite alive, said expert Emden. “The fact that the US representative house declares the week of July 14 to 'Kryptowoche' despite the economic herd of fire, underlines the politically high priority of Bitcoin and Co under the leadership of US President Donald Trump,” says an analysis.