Bitcoin Blasts to New All-Time High Price Above $109,000

Bitcoin rose to a new record price above $ 109,000 on Wednesday morning, pushed by tail winds that have sent crypto currencies and other risk property in the last two months.

The largest cryptocurrency in market capitalization recently traded at $ 109,378 in Crypto Exchange Coinbase, which is 4.5% compared to the last 24 hours. Bitcoin has now increased by almost 25% in the last month.

“Bitcoin is pushed toward the new high cherries with strong tail winds behind it – from permanent inflow ETF to wider displacement in a political tone,” wrote Joe Dipasquale, Crypto Asset Director Bitbull Capital, wrote in Decipher in front of a turning point. “We see growing institutional interest and renewed appetite at the whole side.”

He optimistically added: “This does not seem like a short-term squeeze-this is a permanent offer that reflects a structural shift in the way investors look at bitcoin. It exceeds the speculative store in strategic distribution, increasingly seen as a macronage with long-term relevance, not just a bet on technological or hyper cycles.

The latest gains come because investors recently withdrawn by US President Donald Trump from his global trade war and encouraged reports on inflation at the beginning of this month to be at risk. Bitcoin also benefited because investors viewed him more as protection against macroeconomic insecurities that threatened to undermine the US dollar value.

Bitcoin flew to his previous record of $ 108,786 in the middle of a market optimism in early April, which will be fulfilled by the newly elected US President Donald Trump to fulfill his promises to support the industry. But it fell below $ 75,000 because investors became wandering because of their global trade war and other economic policies, which many analysts believed would increase prices and slow down the global economy.

The trend began to reverse shortly after encouraging the reading of inflation and Trump’s partial withdrawal from the tariff to its most important shopping partners. Bitcoin gains and other coins have accelerated in the last month, along with the main capital indexes.

This story will be updated with additional details.