Very little news has been reported from the crypto market in recent months, after the hard work that ended at the beginning of the year.
That work was driven by the fact that crypto was allowed into the mainstream financial market to a greater extent in the US and Europe.
Read also: Cryptocurrency broke several records after big news
Since then, the price of bitcoin has been on a slight negative trend, at high levels.
But on Wednesday morning, it is clear that bitcoin has once again set a new record – both measured in euros and Norwegian kroner.
– While everyone’s eyes were glued to the dollar graph for the all-time magical moment, bitcoin quietly set records around the world, writing CoinMarketCap in a message.
At the time of writing, one bitcoin is traded for more than NOK 791,000, and last night it was as high as NOK 805,000.
The price of Bitcoin, reported in Norwegian kroner, in the past year.
according to CoinDesk The increase is driven by large institutional investment through indexed funds – Bitcoin ETF.
It is also reported that the upcoming presidential election in the United States. According to Coindesk, Trump’s victory has long been expected to drive prices up, partly because of his positive attitude toward crypto. But there also needs to be more belief that Harris’s win will be good too.
It should also be noted that the second largest cryptocurrency, ethereum, has not seen such an increase. At the time of writing, the price is just over NOK 29,000 – almost 25 percent lower than the highest levels in the spring.
As always in the crypto market, it is difficult to come to a conclusion, since the market is driven mainly by stock exchange trading, without very large fundamental drivers.
2024-10-30 10:57:00
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