Since the beginning of the year, the oldest and most important cyber currency has gained around 25 percent in value.
(Photo: Reuters)
Frankfurt Bitcoin temporarily climbed above the $21,000 mark over the weekend – its highest level since November last year. At that time, the collapse of the FTX crypto exchange led to a loss of confidence and a fall in the price of digital currencies.
Since the beginning of the year, however, the oldest and most important cyber currency has recovered somewhat and gained around 25 percent in value. Bitcoin is currently benefiting from US inflation, among other things, which has fallen to its lowest level since autumn 2021.
Timo Emden from the analyst firm of the same name commented that hopes of a slowdown in the rate hike cycle by the US Federal Reserve have obviously awakened risk appetite.
More: After the bankruptcy of FTX, the industry is fighting for its raison d’être
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