New record for Bitcoin: At its highest level in history
Following Donald Trump's election as president in the US, the cryptocurrency Bitcoin has seen an increase of over 50 percent. Surpassing 106 thousand dollars, Bitcoin has broken a historic record.
While markets are focused on the interest rate decision to be announced by the Fed this week, Bitcoin reached an all-time high on Sunday evening.
Investors expect the Fed to cut interest rates this week at its two-day policy meeting, which concludes on Wednesday.
Bitcoin, which broke a historic record at 106 thousand dollars, has currently risen by approximately 8 percent for this month, 50 percent since the presidential election won by Donald Trump in the US, and 145 percent for the year.
According to Coin Metrics, the price of the flagship cryptocurrency was last up more than 4 percent to 105 thousand 207 dollars. Earlier, it reached a new record of 106,509 dollars. Ether also climbed 4 percent to just under the 4 thousand dollar level. The broader crypto market, as measured by the CoinDesk 20 index, gained 4 percent in value.
News Source: 12punto
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