Bitcoin sensation: Course now over $ 106,000-what is behind it?

Bitcoin sensation: Course now over $ 106,000-what is behind it?

Calw, Deutschland - The Bitcoin course breaks through all previous records again and reaches a remarkable high of $ 106,533 on the trading platform Bitstamp on Monday night. This marks a significant increase of more than $ 4,000 compared to Friday evening when the course was still $ 105,000. Despite a slight decline, the course is still on a gentle high flight that has catapulted Bitcoin from less than $ 106,000 in the past two years. The primary drivers of this rally are the choice of Donald Trump as the new US president and the expectation of further interest rate reductions by the US Federal Reserve. According to the [Black Forest Bote] (https://www.schwarzwaelder-bote.de/inhalt.wirtschaft-bit-bit-rekord-jetzt-behr--- 1093a5f6f-d531-4e39-a70c6075a09c.html), an interest decision of the FED is expected with the forecast, with the forecast a further reduction by 0.25 percentage points.

market capitalization and course development

currently Bitcoin has a market capitalization of around $ 2.1 trillion, which corresponds to around 56 percent of the total market capitalization of all over 10,000 cryptocurrencies with a total value of $ 3.7 trillion. Although the Bitcoin course has recently fluctuates somewhat, it shows a positive weekly plus of 6.1 percent with a current price of $ 105,084, as Blockchain Center. In addition, the Bitcoin course fluctuates between a low of $ 101,592 and a high of $ 106,352 in the last 24 hours. This reflects the high volatility that is due to the low trading volume compared to traditional asset classes.

Another interesting aspect is the possibility that Bitcoin benefits from specific events, such as the upcoming ETF for Bitcoin, which could lead to more institutional interest. Jens B., an analyst, realizes that the development of Bitcoin in the coming months and the reaction to the Federal Reserve will be decisive for future price movements. Thus, the Bitcoin market remains under the curious eyes of investors and analysts.