Bitcoin over $ 100,000! Investors hope for more flights of height!

Bitcoin over $ 100,000! Investors hope for more flights of height!

Nashville, USA - The Bitcoin experiences a spectacular course upswing and exceeded the $ 100,000 mark after it was under pressure. On Friday, the course of the oldest cryptocurrency on the Bitstamp trading platform climbed to $ 100,100, which is a return to the psychologically important brand. Analyst Timo Emden von Emden Research explains that the hope of investors is based on a further interest rate of the US Federal Reserve, as a result of unexpectedly positive labor market data, the Bitcoin course. Previously, the Bitcoin had fallen strongly during the week due to turbulence on the financial markets that were triggered by the customs policy of the new US government, and had recorded a decrease to less than $ 92,000, as OE24 reported .

politics and market movements influence the Bitcoin

Another increase in the Bitcoin course could be observed at the weekend when the cryptocurrency reached almost $ 81,900. This marks a more than double increase in value since the annual low of $ 38,500 in January. The course upswing is partly attributed to the last presidential election in the United States, in which Donald Trump is the favorite of the crypto community. According to the analysts, Trump's victory gave the Bitcoin a robust tailwind, and the course rose by about 18 percent.
During his political career, Trump initially critically said about Bitcoin, but he promised to largely unregulate the market at a Bitcoin conference and to provide favorable electricity prices during mining. ZDF reported .

The price increase shows that there has been a dynamic of the market that increases the interest of private investors. Analyst Emden emphasizes that the current rally on the markets leads to investors fearing the opportunity to get started, which also reinforces the trend.