New York: Bitcoin reached a summit of all time almost $ 112,000 late on Wednesday, reinforced by an increased appetite and persistent institutional demand while traditional financial markets have embraced the largest cryptocurrency in the world.
He hit a record peak of 111,988.90 BTC and increased by 0.4% to $ 111,259. Since the start of the year, Bitcoin has advanced more than 18%.
“Bitcoin is the only asset I know where it becomes less risky as it increases,” wrote Anthony Pose, founder and CEO of Professional Capital Management Wednesday in a letter to investors.
“There were few sophisticated capital beneficiaries who could expose themselves when Bitcoin was 100 to 200 billion dollars. Now, the asset is measured in Billions, almost all capital beneficiaries on the planet can put the exhibition.”
The friendly policies of the Trump administration have strengthened digital assets overall, opening capital swimming pools to the sector.
For example, Trump Media & Technology Group, managed by the family of the American president, seeks to launch a negotiated fundraising fund which will invest in several crypto tokens, notably Bitcoin, Ether, Solana and Ripple, according to a file with the regulator of the American markets on Tuesday.
The Bitcoin rally has also spread to other cryptocurrencies.
Ether, the second digital currency in terms of market capitalization, has also joined, reaching a maximum of $ 2,794.95. It was exchanged for the last time from 5.4% to $ 2,740.99.
Other actions related to the crypto have also won. The strategy, co-founded by the main voice of the Bitcoin treasure movement, Michael Saylor, increased by $ 4.7% to $ 415.41, while Coinbase Global advanced from $ 373.85.
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