Bitcoin continues to run, which today touched $ 69,000. The queen of cryptocurrencies, in fact, today reached a maximum of 68,990 dollars. Bitcoin currently stands at $ 68,507, up 2.55% in the last 24 hours. Inflation data provided a further boost to the cryptocurrency sector, so much so that bitcoin hit a new all-time high. Bitcoin, comments Simon Peters, cryptoasset analyst at eToro, “has reached a new all-time high, triggered by painfully high inflation numbers from the US. News that US inflation has hit 6.2% has spurred the price. upwards of up to $ 69,000 “. “It is enlightening – observes the analyst – to see the price react in such a spectacular way. Not only is it a sign that the market is extremely averse to inflationary pressure, but it is also a sign that investors are now firmly using bitcoin as a hedge against It is also an indication that institutional investors can participate in ‘buying the news’, as this is the type of movement we typically associate with other markets that react heavily to economic news. ” central banks around the world struggle against inflation, Peters points out, “the idea of holding something impervious to its value erosion effects emerges. Bitcoin is fundamentally structured as a deflationary asset with a set limit of coins that can go into circulation, while there is much debate about the level of inflationary pressure the global economy is facing , investors appear to be voting with their feet and adding to their crypto holdings to protect themselves and their assets. It remains to be seen how far this price hike will extend. From an investor’s point of view, the key is to understand the intrinsic investment case for the cryptoasset. Anyone interested in the market should do their research thoroughly instead of just buying based on price movements. “
1 thought on “Bitcoin is close to $ 69,000”
Comments are closed.
Download Yuji Ohno & Lupintic Six – LUPIN THE THIRD – GOODBYE PARTNER Album Mp3 Zip
Download Harmful Logic – Soulgemcollection – EP Album Mp3 Zip
Download Deive Leonardo – Tempestades Album Mp3 Zip
Download Sadkin – Élan Vital Album Mp3 Zip
Download BeathausBeats – Boom Bap Beats, Vol. 1 Album Mp3 Zip
Download Lancer Lirical – Perenne Album Mp3 Zip
Download Capitals – “Año Once” Album Mp3 Zip
Download Oumeima El Khalil & Fayha Choir – Sawt (Live Recording) Album Mp3 Zip
Download Varios Artistas – Modern Heroes Album Mp3 Zip
Download Lightforce – Mystical Thieves Album Mp3 Zip
Download Leon Shelley – Dirty Jukebox Album Mp3 Zip
Download FiloQ & Emenél – Combo Remixes – EP Album Mp3 Zip
Download RUSHMORE – Trees Album Mp3 Zip
Download Jonathan Young – Young Does Anime 1 Album Mp3 Zip
Download Endel – Sleep: Clear Night Album Mp3 Zip
Download The Kitchens – Elliott – EP Album Mp3 Zip
Download Radames Marrero – Clásicos, Vol. 1 Album Mp3 Zip
Download Maestro Billy – Artificial Intelligence, Vol. 2 (feat. Chatbot Chieko) Album Mp3 Zip
Download Evil-lÿn – Disciple of Steel Album Mp3 Zip
Download Lúnula – Quieren Volverme Loco! Album Mp3 Zip
Download Broken Paper – The Journey Album Mp3 Zip
Download Endel – Relax: Cloudy Morning Album Mp3 Zip
Download Various Artists – Bare Foot Steppas Album Mp3 Zip
Download Cage9 – Hypesthesia Album Mp3 Zip
Download VEGAS – Caixa Magica Album Mp3 Zip