Record: Bitcoin jumps $ 120,000 marks
Despite all the calls to doom from central bankers and consumer advocates: for Bitcoin, things are currently going up.
Frankfurt/Main – Bitcoin started the week with a course jump on a record high. The oldest and best -known cryptocurrency accelerated the recent record rally after speculation about loosening the rules for trade in the USA. In the morning, the Bitcoin jumped on the Bitstamp trading platform to $ 123,200 after his course in the early morning had first risen over the $ 120,000 mark.
Market observers see the high -altitude flight related to important political decisions that are expected in the United States during the week. Most recently, speculation intensified on the market that the rules for trading with bitcoins could be relaxed. In this context, Analyst Timo Emden from Emden Research referred to the “Crypto Week”. This week there are important legal decisions in the USA that could shape the crypto market.
Specifically, the US Congress wants to advise and coordinate about three legislation that should create a positive environment for cryptocurrencies. 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” 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 his analysis.
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 listed Bitcoin funds (Exchange Traded Funds). These are likely to support the upward movement at Bitcoin, said Lucas.
The Bitcoin broke out of a comparatively narrow trading range with the current course jump. After the cryptocurrency had risen sharply in the course of Trump re-election to the US President, its course had kept in $ 100,000 since May.
Trump is considered a sponsor of cryptocurrencies. Since his election success last November, the value of the bitcine has increased around three quarters. dpa
