"Record in the air"
Bitcoin rose to its highest level since the beginning of April
Bitcoin rose to its highest level since the beginning of April on Tuesday. At its peak, the most important digital currency climbed to almost 72,000 dollars. With this rise, Bitcoin is approaching its previous record level of around 73,800 dollars.
"Speculation about the approval of an ether spot ETF by the US Securities and Exchange Commission (SEC) is driving prices upwards," commented analyst Timo Emden.
Ether, the second most important digital currency, gained even more than Bitcoin. The Ether price rose to 3720 dollars. On Monday, it had only been around 3100 dollars. However, Emden also sees potential for disappointment here, as ETF approval is by no means certain.
"Record high is in the air"
According to Emden, Bitcoin and Ether are also supported by the expectation of interest rate cuts by the major central banks. A less restrictive monetary policy would increase the attractiveness of cryptocurrencies compared to fixed-interest investments. "A fresh record high is therefore in the air," writes Emden.
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