Bitcoin smashes a new all-time high by exceeding $124,000
Madrid.- Bitcoin has reached a new historical high in the early hours of this Thursday, surpassing $124,000, in a context of euphoria for the stock markets, after the release of a better-than-expected US CPI figure, which opens the door to further interest rate cuts.
According to data from Bloomberg, at 2:30 hours (00:30 GMT), the most widespread cryptocurrency in the market has reached 124,515 dollars, and has shattered the previous all-time high, at 123,205 dollars.
A few minutes before the start of the stock market session in Europe, however, bitcoin deflates and loses 1.2%, thus trading again at the level of $121,000 (121,939).
You may be interested in: Bitcoin chains a new high on the verge of $112,000
According to Renta 4 Banco, “the expectation of cuts by the US Federal Reserve (Fed) continues to push the markets and the S&P 500 and the Nasdaq hit new all-time highs the day before, as did bitcoin.”
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