The Bitcoin Has Broken the $ 125,000 Barrier. Investors Appear to Be Guided, Among Other Things, by the American Shutdown. On Sunday Morning, The Bitcoin Passed $ 125,600 (€ 106,990) Duration Trading in Asia. This surpassed the previous record from mid-august.
Investors Appear to Be Guided, Among Other Things, by the American Shutdown. Due to the combination of a WAAKER DOLLAR AND THE Closure of Government Services in the US AS A Result of a Political impasse, Investors are looking for a Safer Place for Their Money.
“With Many Assets, Including Stocks, Gold and Even Collectibles Like Pokémon Cards, Reaching Record Highs, It’s No Surprise That Bitcoin is Benefiting From The Dollar Devaluation Narrative,” Said Joshua Limconx.
Since the beginning of this year, the Digital Currency HAS Increased in Value by More than 30 percent, Partly Due to High Demand from Institutional Investors Such As Pension Funds. The currency also benefits from the current crypto-friendly political climate in the US.
Bitcoin on the Rise Since Temporary Suspension of US Import Duties
Due to the Trade War of Us President Donald Trump, The Value of the Currency Plummeted Earlier This Year. In April, The Currency was temporarily traded for less than $ 80,000. But The Recovery Soon started after Trump Temporarily Suspended Many Import Duties to Allow Room for Trade Talks.
Press Agency Bloomberg suggested that sentiment in the crypto market may also be supported by historical good performance in October, which has earned this period of the year the nickname ‘Uptober’. The Coin Has Increased in Value in Nine of the Past Ten Octobers.