The price gains are a sign that investors are again willing to take risks.
(Photo: Reuters)
Dusseldorf Bitcoin surged above $40,000 for the first time in two weeks on Friday. According to data from the analysis company Coinmarketcap, the oldest and most important cryptocurrency rose almost ten percent to $40,500.
Second tier cryptos also rose: Ethereum and Solana both up 12 percent, Polkadot up eight percent, and Binance Coin up seven percent. The market capitalization of the entire crypto market rose by almost $150 billion, or almost nine percent, to $1.84 trillion.
The gains are a sign that investors are again willing to take risk after Amazon’s quarterly results came out similarly positive to those of Alphabet, Apple and Microsoft. “This has given investors the confidence to get back into the risk-on trade,” Matt Maley, chief market strategist at Miller Tabak + Co, told Bloomberg.
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