The Bitcoin again reached a peak on Thursday. The course of the oldest and most famous cryptocurrency climbed to almost $ 112,000. The Bitcoin sometimes cost $ 111,888 on the Bitstamp trade platform. Recently the course was only at least lower with $ 111,500.
On Wednesday, the Bitcoin had skipped the record of January for the hope for the loosening of cryptor regulation in the United States, and the course rose over $ 110,000 for the first time.
Experts referred to a concept for regulating cryptocurrencies currently discussed in the US Senate. Accordingly, there is hope that a corresponding regulation will be adopted during the week.
60 percent plus since the Trump election
With the level of almost $ 112,000, the Bitcoin is expanding the Trump rally. Since the Donald Trump election as the US President Donald Trump in November, the Bitcoin course has increased by around 60 percent. The American president is considered an advocate of cryptocurrencies and had promised fewer regulations and a Bitcoin reserve from the state in the election campaign.
In April, however, an escalation activated by the US government under Trump in the trade conflict with China occasionally on the Bitcoin course course at around $ 74,000. However, this weak phase was terminated with the recent progress in the negotiations between Beijing and the United States.
The Bitcoin currently has a general rating of $ 2.2 trillion and therefore dominates the cryptocurrency market. This comes with a list of coinmarketcap on a market capitalization of approximately 3.5 trillion dollars.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
