The digital currency bitcoin rose to a value of $109,302 (almost €96,400) on Wednesday. With this, the price of the most traded cryptocurrency reached a record high.
Investors in cryptocurrencies were positive about the news that regulations for so-called stablecoins are coming in the United States. Stablecoins are digital currencies with a value that is linked to, for example, a traditional currency or the gold price.
The value of bitcoins and other digital currencies has been rising since Donald Trump was elected president for the second time. During his campaign, Trump promised to make the US the ‘crypto capital’ of the world. He wants to relax the rules and supervision around digital currencies. Bitcoin set the previous record on January 20, the day of Trump’s inauguration as president.