The Bitcoin continued its latest record trip and was able to skip the $ 120,000 mark for the first time on Monday night. He had already approached this brand at the weekend, but had still failed. The oldest and best-known cryptocurrency has been able to gain around a quarter of value since Donald Trump's election as President of the US President.
Trump is considered a sponsor of cryptocurrencies. The Bitcoin dominates this market. In the meantime, the market capitalization of all bitcoins is around $ 2.4 trillion, which, according to a list of Coinmarketcap.com, is around 64 percent of the total market. In the end, the cryptom market was particularly opposed to high institutional demand. On Thursday alone, $ 1.18 billion flowed into the US bitcoin ETFs, which meant the second highest daily inflow since it was led in January. These tributaries in Bitcoin funds (Exchange Traded Funds) and a crypto-friendly regulatory environment in the United States leads market experts Timo Emden from Emden Research, among other things, as a driver for the gold digging mood on the market.
Jens Klatt, analyst at XTB, remains very positive for the coming weeks. With a view to the “Crypto Week” in the US House of Representatives this week, the recent all-time highs would not be surprising. As part of the so-called 'Crypto Week', the US Congress wants to advise and coordinate about three central draft laws that aim to create a beneficial environment for cryptocurrencies. “In fact, it cannot be ruled out that the Bitcoin has seen the starting shot for surcharges in the realm by $ 150,000 in the next six months,” Klatt is extremely optimistic.
The Bitcoin train recently recorded a lot of speed and the fuel does not seem to be running out. In the night of Monday, he was able to overcome the $ 120,000 mark for the first time in his history. A Bitcoin currently costs $ 121,291. The massive tributaries in the spot ETFs paired with regulatory tailwind give a strong environment. Investors let their profits run.
Reference to conflicts of interest
The board and majority owner of the publisher Börsenmedien AG, Mr. Bernd Förtsch, is directly and indirectly positions about the subsequent financial instruments mentioned in the publication or this received from the derivatives related to the publication that can benefit from the publication: Bitcoin.
The author immediately keeps positions on the subsequent financial instruments mentioned in the publication or derivatives related to this, which can benefit from the price development resulting from the publication: Bitcoin.
