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Bitcoin rises above the 40,000 dollar mark again

Around a year ago, the price of the best-known digital currency had fallen to almost 15,000 dollars. Now it has risen again significantly. A decision by the US Securities and Exchange Commission is eagerly awaited.

,   and  ZEITUNG «AUSSIEDLERBOTE»
2 min read
Advertising for Bitcoin in Hong Kong. The price of the best-known digital currency has continued to....aussiedlerbote.de
Advertising for Bitcoin in Hong Kong. The price of the best-known digital currency has continued to rise. Photo.aussiedlerbote.de

Digital currency - Bitcoin rises above the 40,000 dollar mark again

Bitcoin continued its rally at the weekend by jumping above the USD 40,000 mark. In the early hours of Monday morning, one Bitcoin cost 41,343 dollars (38,083 euros) on the Bitstamp trading platform, around three and a half percent more than the day before. With the price jump over the weekend, Bitcoin now has a market value of more than 800 billion dollars again.

Around a year ago, the Bitcoin price had fallen to almost 15,000 dollars. At that time, turbulence on the crypto market in connection with the FTX crypto exchange, among other things, had triggered a price collapse. However, the image problem of Bitcoin has apparently been resolved in the eyes of many investors. However, the world's largest and best-known cryptocurrency is still a long way from its record high of around USD 69,000 in November 2021.

Digital currencies have been benefiting for some time from the prospect of the approval of Bitcoin-based ETF funds in the US. Experts believe that approval by the US Securities and Exchange Commission at the beginning of the new year is quite likely. Such a step would boost demand for bitcoins, the world's largest and best-known digital currency. However, if there is no approval, the Bitcoin price is likely to come under pressure again.

Read also:

  1. Investors worldwide have shown interest in digital currencies, with the US dollar being a significant factor in Bitcoin's pricing.
  2. On the international Internet platform, Frankfurt on the Main, the rise of Bitcoin over the weekend was particularly noteworthy, pushing the price of Bitcoin to surpass 40,000 US dollars.
  3. Despite the positive development, the US dollar-denominated Bitcoin is still far from reaching its all-time high of around 69,000 US dollars, achieved in November 2021.
  4. Recent speculations about the potential approval of Bitcoin-based ETF funds in the US have led to a surge in the popularity of digital currencies, such as Bitcoin, which is currently valued at over 800 billion US dollars.

Source: www.stern.de

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