Bitcoin fell slightly in early trading on Thursday compared to late Wednesday evening, but still cost more than $100,000.
On the Bitstamp trading platform, the price of the oldest and best-known cryptocurrency was around $100,500. This means that Bitcoin has overcome the small phase of weakness from the beginning of the week. At the start of the week, the price temporarily fell to just under $94,000, after breaking the $100,000 threshold for the first time at the end of last week and climbing to almost $104,000.
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Bitcoin has been flying high for almost two years now. Since the end of 2022, the price has increased by around 500 percent. The latest driver of the rally was the election of Donald Trump as US President. Since then, the price has increased by just over 40 percent. Trump is considered a supporter of cryptocurrencies. The market is still dominated by Bitcoin. According to a list from Coinmarketcap.com, the market value of Bitcoin is currently almost two trillion dollars.
That’s around 55 percent of the value of all just over 10,000 cryptocurrencies. During the Bitcoin weak phase in 2022, this value temporarily fell below the 40 percent mark, but has recently recovered significantly./zb/mis
FRANKFURT (dpa-AFX)