A wave of optimism pays Bitcoin near the highest price in history
Cryptocurrency increased on Thursday, approaching a new entry of about 112 thousand dollars, with the support of excess institutional demand and a wave of optimism, which covered the digital currency market, despite the ongoing processes of profit and fears about the consequences of the duties of American custom duties.
The world’s largest cryptocurrency increased by 2.1 percent to 110,961.70 dollars, by 05:48 according to Greenwich, after on Wednesday evening she reached a historical level at the level of 111,988.90 dollars, before his profit was reduced from sales at these peaks.
This growth contributes to the continuation of capital flows in the ETF, related to Bitcoins, as well as announcement of large companies, such as Microstali and Stop, on the inclusion of Bitcoin in its financial portfolios. Trump Media also submitted an official request to launch a new indicators fund called “Crypto Blue Chip ETF”, which is expected to see the light at the end of this year.
This strong performance of Bitcoin is in a wider context of optimism in American politics that support digital currencies running President Donald Trump, who recently began the initiative to create a Bitcoin strategic reserve, which strengthened the status of this currency as an international founder.
On the other hand, Trump’s threat to impose new customs duties, including an increase in the import fee and Brazilian goods up to 50 percent, starting from August 1, from prices, while investing investors in the American trading stage.
In the same context of the record of the American “federal” meeting for the month of June, a division in the Council on the terms for reducing interest rates was shown, most of them emphasized the need to be careful in the light of the risk of inflation related to commercial policy, which was a pressure factor on a budget impulse.
At the level of alternative currencies, the market witnessed a wave of mass growth on Thursday. Ethereum, the second largest digital currency, increased by 5.7 percent to 2776.81 dollars, which registered its highest level in a month, while XRP increased by 4.1 percent to $ 2.6, Solyana by 2.6 percent, Cardano by 4.2 percent and Polijon by 5 percent.
In the “Min Quoins” category, Dujakin increased by 5 percent, and the Trump $ symbol increased by 6.1 percent.
The shares of companies associated with cryptocurrencies have also increased because the “strategic” shares (headed by Michael Silor) jumped by 4.7 percent to $ 415.41, while the “Queen Pace Global” shares increased by 5.4 percent to 373.85 USA.
Analysts make a bet that the inclusion of storage function in circulating etheric boxes can contribute to the attraction of institutions to this category of assets, especially with the survival of the broadcast without widespread institutional property, despite its proximity to traditional capital markets.
Crapeto Week investors, planned for the beginning of July 14, amid hope that three accounts will be accepted that organize the digital asset sector, which can make a way for new growth if the solutions are compatible with market expectations.
