NEW YORK (Nettavisen): The cryptocurrency Bitcoin has had a gigantic rise in 2023, and is up around 80 percent since the new year.
On Tuesday, it passed the $30,000 mark for the first time since June 2022, after a 6.2 percent gain in 24 hours.
– This is the reason
According to CNBC Bitcoin reached USD 30,100 worth at 05:01 Eastern Time on Tuesday, that is, at 11:01 Norwegian time.
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Although it is a long way from the peak of $69,000 per Bitcoin in November 2021, there are more people who now believe that the cryptocurrency will go up further.
– The reason behind the upswing is probably because the odds that the US central bank Fed will further reduce interest rate increases have dramatically strengthened after the banking crisis at the beginning of March, says Tina Teng, analyst at financial firm CMC Markets in a video posted on Twitter on Tuesday.
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Teng’s technical analysis of Bitcoin’s chart shows prices approaching $35,000 if upside price momentum continues, writes CNBC.
Watch the video by Tina Teng here:
Ether, which is the second largest cryptocurrency, has also seen a marked rise recently and rose 3 percent in 24 hours, gaining a value of over 1,900 dollars. Ether is thus up over 60 percent since the new year.
On Tuesday, Bitcoin continued its rise, and is up around 2 percent, to just over $30,200. Ether is also slightly up.
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Oslo Stock Exchange plus
Oslo Børs started the week in plus after Easter. The main index rose on Tuesday by 1.22 per cent to 1,209 points.
Equinor, which was the most traded, rose by 0.64 per cent, while Norsk Hydro rose by 3.69 per cent. Yara International (+2.57), Aker BP (+0.94) and DNB (+2.13) also started the week in the positive. All were among the five most traded companies on Tuesday. Telenor and Frontline also did well.
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The SAS share fell by 11.34 per cent after Sunday’s news that the company will raise more capital.
A barrel of North Sea oil cost 84.93 dollars on Tuesday afternoon, up 0.76 percent.
Arrows also pointed upwards at the trend-setting stock exchanges in Europe on Tuesday. The FTSE 100 in London had risen half a percent by the end of the day. The Dax index in Frankfurt rose by 0.4 per cent, while the CAC in Paris increased by 1 per cent.
