Bitcoin reaches an all-time high, driven by expectations of rate cuts and the arrival of Donald Trump, seen as a favorable regulatory turning point.
This Monday, the cryptocurrency Bitcoin reached an all-time high, exceeding $106,000 during early trading in Asia. It peaked at $106,533 before stabilizing at $105,688 in recent trading.
This increase is supported, among other things, by the statements of President-elect Donald Trump, who spoke of the creation of an American strategic reserve dedicated to Bitcoin, similar to strategic oil reserves.
It also benefits from investors’ expectations regarding a possible reduction in interest rates by the Federal Reserve (Fed).
In one month, the cryptocurrency with the largest capitalization jumped 17.26%, and over one year, its value more than doubled (+151.15%). Now, market analysts are watching the next threshold which is expected to reach $110,000.
A monetary future more favorable to cryptocurrency
Furthermore, investors hope that the American Federal Reserve (Fed) will not limit itself to a rate cut this Wednesday, but that it will begin a prolonged cycle of interest rate reductions until 2025.
As a reminder, last Thursday, the European Central Bank (ECB) also lowered interest rates in the euro zone, as did the Swiss National Bank (SNB), which surprised the markets by reducing its key rate by 50 points. base, at 0.5%.
Beyond this general trend of falling rates on the capital markets, investors have high hopes for the arrival of President-elect Donald Trump at the White House.
They anticipate a cryptocurrency-friendly Washington and a new regulatory era that could transform the future of cryptocurrencies.
Jihen Mkehli
Published on 16/12/24 08:57
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