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Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Bitcoin has reached a historic high, exceeding the $97,000 mark

November, 21 2024
watermark Economic news

Investors continue to actively invest in cryptocurrency, expecting favorable policy changes under the new president. This was reflected in the bitcoin exchange rate, which increased by almost 6% and reached $97,458. 


Shares of cryptocurrency-related companies are also showing growth. MicroStrategy, one of the largest companies investing in bitcoin, rose 3% after a previous increase of more than 10%. 


The rise in the price of BTC is due to hopes for a more loyal attitude towards cryptocurrencies from the new government. It is assumed that Trump may introduce more flexible regulation and even consider the possibility of creating a national strategic reserve of bitcoin. Experts predict that the price of bitcoin could reach $100,000 this year and double by the end of 2025.


Analysts also note that the growth of the bitcoin exchange rate is associated with improved liquidity, increased institutional interest and a more favorable regulatory environment. In 2024, bitcoin has already grown by more than 127%.


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Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.