Bitcoin breaks $ 123,200 in front of US Crypto Week | Latest news from Germany and the world

“The fact that the US representative house declares the week of July 14 to” cryptocoche “despite the economic herd of fire, underlines the politically high priority of Bitcoin and Co under the leadership of US President Donald Trump,” says Emden's analysis. Trump is considered a pronounced sponsor of cryptocurrencies.

Since his election success last November, the value of the bitcine has increased around three quarters. With the current course jump, the cryptocurrency broke out of a comparatively narrow trading range, in which it had kept near the $ 100,000 mark since May.

Analyst Rachael Lucas from the BTC Markets trading platform does not want to rule out short -term profit from Bitcoin. However, it also referred to a comparatively strong demand for Bitcoin funds traded.

These Exchange Traded Funds are likely to support the upward movement at Bitcoin, said Lucas. The funds enable investors to invest in Bitcoin without having to buy the cryptocurrency directly.

(dpa/Berlin) Note: This article was revised using artificial intelligence.