Bitcoin, which has continued to rise since the election of Donald Trump in the United States with the prospect of regulatory relaxation of cryptocurrencies, exceeded $84,000 on Monday for the first time in its history.
The first digital currency by capitalization exceeded the threshold of 75,000 dollars last Thursday, then 80,000 dollars on Sunday, largely beating the record from last March, which stood at 73,797.98 dollars. And this rise continued on Monday, with now more than 84,000 dollars.
In one week, bitcoin gained nearly 25%. By comparison, when the shares of a large Swiss company like Novartis or Nestlé gain more than 10% over a year, we are talking about a good performance.
Donald Trump’s promises
Cryptocurrencies continue to soar with the victory of Donald Trump in the United States, who promises to deregulate this sector, going against the trend of the more restrictive approach favored by current President Joe Biden.
The Republican has sworn to replace Gary Gensler, the head of the SEC, one of the policemen of the American financial markets, hated by the sector, for whom he “prevented any release of new products linked to cryptocurrencies without justification”, notes Stéphane Ifrah, analyst at Coinhouse.
However, this year the SEC authorized bitcoin and then ether ETFs in the United States, financial products backed by the price of these two cryptocurrencies.
The euro losing momentum against the dollar
Affected by the political difficulties encountered by Germany, the euro lost 0.17% against the pound around 10:50 GMT Monday, at 82.81 pence per euro, shortly after collapsing to a new low since April 2022, at 82.79 pence.
The single European currency fell by 0.40% against a particularly healthy greenback, to 1.0675 dollars per euro, to levels unexplored since last June.
Pressure is mounting in Germany for the rapid organization of early legislative elections, since the explosion, due to disagreements on the economy, of the government coalition initially formed by the social democrats of Chancellor Olaf Scholz, the ecologists and the liberals. .
ats/miro
Swiss
