The reasons for the rally

Cryptocurrencies (icon image)

Prices on the crypto market have recovered – the Dogecoin has risen particularly sharply.

(Photo: Reuters)

Dusseldorf, Frankfurt Cryptocurrency prices are rising again: Bitcoin has established itself above the $20,000 mark, Ether has risen by almost 20 percent over a seven-day period, and the price of Dogecoin, which was originally launched as a fun currency, has even exploded and rose by up to 150 percent.

According to data from the analysis company Coinmarketcap, the market capitalization of the entire crypto market rose by around ten percent on a weekly basis. This means that all cyber currencies are again worth more than one trillion dollars – this is the highest value since mid-September, but still a long way from the record value of around three trillion from November last year.

The reasons for the rally are different. An overview:

Bitcoin: Higher risk appetite and bounced bets

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