At the beginning of August, the Bitcoin price came under some pressure. Now there is again positive news for cryptocurrency investors.
The price of the digital currency Bitcoin has reached its highest level since mid-May and has now passed the psychological mark of 45,000 US dollars (around 38,265 euros).
Most recently, the digital currency on the Bitstamp trading platform fell by around one percent to a good $ 44,000 compared to the previous day. At the beginning of August, the Bitcoin price came under some pressure. Before that, however, it had recovered from around $ 30,000 to almost $ 43,000 in a short period of time.
The technical chart perspective is brightening noticeably, explained market analyst Timo Emden from Emden Research. Short-term oriented investors in particular were in a buying mood.
Last but not least, Tesla boss Elon Musk, who about two weeks ago once again announced a possible comeback of the cryptocurrency at Tesla, is likely to have caused a positive mood in the market. However, risks persisted, warned the expert. The regulatory issue on the market remains a long-running issue.
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