Cryptocurrency: Bitcoin temporarily climbs above $ 45,000 mark

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Jeff Horseman
Jeff Horseman
Jeff Horseman got into journalism because he liked to write and stunk at math. He grew up in Vermont and he honed his interviewing skills as a supermarket cashier by asking Bernie Sanders “Paper or plastic?” After graduating from Syracuse University in 1999, Jeff began his journalistic odyssey at The Watertown Daily Times in upstate New York, where he impressed then-U.S. Senate candidate Hillary Clinton so much she called him “John” at the end of an interview. From there, he went to Annapolis, Maryland, where he covered city, county and state government at The Capital newspaper. Today, Jeff writes about anything and everything. Along the way, Jeff has covered wildfires, a tropical storm, 9/11 and the Dec. 2 terror attack in San Bernardino. If you have a question or story idea about politics or the inner workings of government, please let Jeff know. He’ll do his best to answer, even if it involves a little math.

Cryptocurrency
Bitcoin temporarily climbs above $ 45,000 mark

Bitcoin

The Bitcoin price was meanwhile back at over 45.000 US dollars. Photo: Jens Kalaene / dpa-Zentralbild / dpa-tmn

In early August, the price of Bitcoin came under some pressure. Now there is again positive news for investors of cryptocurrency.

The price of the digital currency Bitcoin has reached the highest level since mid-May and in the meantime skipped the psychological mark of 45,000 US dollars (around 38,265 euros).

Most recently, the digital currency on the trading platform Bitstamp declined by about one percent compared to the previous day at a good $ 44,000. In early August, the price of Bitcoin came under some pressure. However, he had recovered in a short time from about 30,000 to almost 43,000 dollars.

Market analyst Timo Emden from Emden Research explained that the technical perspective on the chart is increasingly brightening. Short-term investors in particular were in a buying mood.

Last but not least, Tesla CEO Elon Musk, who had once again promised a possible comeback of the cryptocurrency at Tesla about two weeks ago, should have provided a positive mood on the market. However, risks remained, the expert warned. The regulatory issue on the market remains a perennial favorite.

dpa

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