Cryptocurrency: Bitcoin for the first time reaches $ 112,000 marks

The Bitcoin has reached the $ 112,000 mark for the first time. “The prospect of further loosening of the regulatory thumb screws on a US ground keeps the risk appetite alive,” Market Analyst Timo Emden commented on the continued record hunt of the oldest and best known cryptocurrency.

“The fact that a draft is currently being debated for regulating crypto values ​​in the US Senate despite the economic flaws of fire underlines the high priority of Bitcoin and Co under the leadership of US President Donald Trump,” said Emden. If the rally stops, investors could soon consider the $ 120,000 mark. However, the dismantling of regulatory hurdles also brings risks, he warned.

“Bitcoin has long been no longer a nichet,” said the CEO and co-founder of the Bitpanda crypto tour, Eric Demuth. “This all-time high is not a peak, but foundation. Behind it is the clear manuscript of the United States, which now understand crypto and digital assets as a strategic core of their financial and economic policy.”

On Wednesday, the Bitcoin had skipped the record high of January for the hope of loosening crypto regulation in the United States, and the course rose for the first time over the $ 110,000 mark.

Experts referred to a draft for regulating cryptocurrencies that are currently being debated in the US Senate. Accordingly, there is hope that a corresponding regulation will be passed during the week.

Trump is considered a supporter of cryptocurrencies

Since the election of Donald Trump as US President in November, the Bitcoin course has increased by around 60 percent. The US President is considered a proponent of cryptocurrencies and had promised less regulation and a state Bitcoin reserve in the election campaign.

In April, however, a escalation triggered by the US government under Trump in the trade conflict with China at times pressed the Bitcoin course down to around $ 74,000. However, this weak phase was ended with the recent progress in the negotiations between Beijing and the United States.

The Bitcoin currently has an overall rating of $ 2.2 trillion and thus dominates the cryptocurrency market. This comes up with a list of coinmarketcap on a market capitalization of around 3.5 trillion dollars.