This is the highest level since the beginning of the year. The second-largest cryptocurrency, Ether, also continued to rise, reaching its highest level since mid-January at $3,330.
All 18,500 digital assets are currently worth around $2.1 trillion, according to Coinmarketcap. The record high from last November is almost three trillion dollars.
“Investors are looking for risk again,” commented crypto expert Timo Emden from Emden Research. Digital values such as Bitcoin are considered a particularly risky form of investment, which can fluctuate greatly in price. Prices often move with the general mood on the financial markets, although exceptions to this pattern can be observed again and again. Some market participants name other influencing factors such as the development of inflation or capital market interest rates, although there are no stable relationships here either.
Source: Nachrichten
