Good morning friends and welcome to studyiq52.blog. so talking about the Bitcoin price mood right now,Bitcoin rose above its previous July record, briefly exceeding $124,500 before retreating
Bitcoin hit a record high on Thursday during early Asian trading, surpassing $124,000, driven by favourable U.S. legislation and a rise in U.S. equities.
US stocks ended higher Wednesday, with the S&P 500 index and the tech-heavy Nasdaq reaching new heights this week, contributing to the cryptocurrency's rise.
Cryptocurrency rose above its previous July record, briefly exceeding $124,500 before retreating
Bitcoin value has Recently Soard, Fuelled by U.S. Regularly change under U.S. President Donald Trump, a Strong Backer of the Cryptocurrency.
It's Price has also been boosted by large holder of Cryptocurrency, referred to as "whales".
" The crypto market is enjoying a period of highly Favorable Fundamental". Said samer hasn.
"President Donald Trump has moved to end restrictions that previously prevented banks from doing business with companies flagged for reputational risk concerns, a category in which crypto firms were often unfairly placed," he added.Trump may also be inclined to "accelerate the integration of cryptocurrencies into the national financial system and lift additional restrictions, given his and his family's growing involvement in the sector", Hasn said.
Trump may also be inclined to "accelerate the integration of cryptocurrencies into the national financial system and lift additional restrictions, given his and his family's growing involvement in the sector", Hasn said.
Trump's media group and Tesla, the electric carmaker owned by tech billionaire Elon Musk, are among an increasing number of companies buying huge amounts of bitcoin.
Crypto was benefiting from the same momentum that was pushing up stocks after the consumer price index came in slightly weaker than expected on Tuesday. That gave traders confidence that the Fed could lower borrowing costs by a quarter point at its Sept. 17 decision. Lower rates make risky assets such as stocks and digital assets more attractive relative to lower-yielding investments such as bonds.
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