Bitcoin hit a high of $124,517, then fell to $123,000, due to demand from institutional investors and expectations of lower interest rates.
Lara Maior
Economy
MichaelWuensch/ Pixabay.com
Always see our news on Google
The price of bitcoin rose recently, reaching $124,517 on the Bitstamp exchange, before falling slightly to $123,000. This volatility is fueled by increased demand from institutional investors and optimism in financial markets following the global stock market advance. Analysts anticipate an interest rate cut by the US Federal Reserve, which could further boost demand for cryptocurrencies. Bitcoin dominates the digital asset market, with a market capitalization of about $2.5 trillion, contributing to the total market valuation of nearly $4.2 trillion. Since the start of the year, bitcoin is up 32%.
Sources
Cotația Bitcoin a depășit în pentru prima dată pragul de 124.000 de dolari
BITCOIN atinge un nou record istoric. Cât valorează acum cea mai populară criptomonedă
Bitcoin atinge un nou record. 124.000 dolari pe fondul reformelor pro-cripto
Bitcoin a atins un nou prag istoric. Moneda digitală favorită a investitorilor depășește toate așteptările
Bitcoin atinge un nou record
Bitcoin atinge un nou record. 124.000 dolari pe fondul reformelor pro-cripto
Latest News
23:13
The Hungarian government will offer owners of eligible diesel cars 5,000 forints per month until the end of the year
22:57
Peter Magyar announces changes to Hungary’s adoption law for same-sex couples
22:38
Bucharest entered the Book of Records with “The Table That Unites.” Ciucu: “There was a big dining room today, in Constitution Square”
22:14
Anthropic’s CEO calls for slowing AI development, warning that intelligent agents could take control of the internet in the coming months
21:26
Sergey Lavrov responds to Volodymyr Zelensky: “Let him come to Moscow” for a meeting with Vladimir Putin
See more news
NEWS ON THE SAME TOPICS
Personalized news feed, AI-powered search, and notifications in a more interactive experience.
