Bitcoin - Overview from 11/21/2024

Financial and commodity markets analytics


Bitcoin continued its rise on Thursday, approaching the historic $100,000 level.

Bitcoin has doubled in value over the course of this year, and since the election of Donald Trump as US President and the arrival of a group of lawmakers supporting cryptocurrencies in Congress, its price has risen by around 40%. The backdrop for the rise is not even the weakening we wrote about earlier, but for now, just a pause in the strengthening of the US dollar. Today's economic news in the United States, if it gives the markets grounds for short positions on the dollar, may become a catalyst for accelerating the growth of cryptocurrency quotes.