Bitcoin recorded a remarkable increase by 7.92% during the past week, bypassing the $ 100,000 barrier for the first time since February, to reach 103,806.09 dollars this morning, Saturday, driven by the optimism of markets and the increase in institutional demand.
The market value of bitcoin amounted to $ 2.06 trillion, with a daily trading volume of more than 47.75 billion dollars. Investment flows of $ 5.5 billion to digital asset funds, of which 1.8 billion for Bitcoin products, contributed to promoting upward momentum.
On the economy level, new trade agreements have supported the United States and the United Kingdom, and indicators of progress in talks with China, as well as US President Donald Trump’s statements about reducing customs duties to 80%, investor confidence. The head of the Federal Reserve also stressed the stability of the economy, which encouraged the risk.
