Mike Smith
6 days ago
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The price of Bitcoin again reached a historical high, breaking the mark of $107 thousand. According to CoinMarketCap, after 19:40 Moscow time, the price of the leading cryptocurrency rose to $107,195.58. A few minutes later, the price slightly adjusted, falling to $106.9 thousand as of 19:59 Moscow time. The daily growth was about 3.78%. At the moment, there are about 19.79 million bitcoins in circulation on the market.
Analysts attribute the rapid growth of the Bitcoin rate to changes in US monetary policy. In particular, the reduction in interest rates announced by the Federal Reserve on September 18 became a key factor stimulating investments in risky assets. However, positive dynamics began to be observed even before the official decision of the Federal Reserve, when expectations of monetary easing had already begun to influence the market.
An additional factor influencing the cryptocurrency rate was the uncertainty amid economic and political events. Periods of instability traditionally push investors to look for alternative ways to preserve capital, and Bitcoin continues to play the role of one of the most attractive instruments for such investments. At the same time, an increase in interest in digital assets is observed against the backdrop of global changes in the economy and growing interest in blockchain technologies.
Experts note that the victory of the Republican candidate in the last presidential election in the United States brought additional confidence to the financial markets. After a period of caution, investors again turned their attention to cryptocurrencies, considering them an effective asset for diversifying an investment portfolio. Bitcoin is traditionally in demand during periods when investors reduce the share of investments in more stable assets, such as the US dollar.
Since the beginning of the year, Bitcoin has shown confident growth, despite local corrections. The optimism of market participants is also supported by the active development of technologies related to cryptocurrencies, as well as the strengthening of the position of digital assets in the global financial system. According to analysts, the ongoing influx of institutional investors also makes a significant contribution to strengthening the position of Bitcoin.
At the same time, some experts warn of the high volatility of the cryptocurrency and the continuing risks of sharp price fluctuations. Nevertheless, the current trend in the market indicates that interest in Bitcoin continues to gain momentum. A growing number of investors and large companies consider cryptocurrency not only as a tool for short-term speculation, but also as a long-term asset capable of generating stable profits.
Against the backdrop of strengthening global economic factors, Bitcoin continues to strengthen its position as the main digital asset, maintaining interest among investors and demonstrating sustainable growth potential in the long term.
